The characteristics of an Annuity are a series of amounts that are equal and equal time periods between payment dates. Hence, options A and D are the correct statements.
An annuity is an agreement between you and a coverage business enterprise in that you make a lump-sum payment or series of bills and, in return, obtain normal disbursements, starting both straight away or at some point in the future.
hence, The characteristics of an Annuity are a series of amounts that are equal and equal time periods between payment dates. options A and D are the correct statements.
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