An annuity is
a. a series of annual payments of the same amount.
b. any group of payments, equally spaced
c. any payments to a beneficiary from a fund set aside for that purpose
d. a series of consecutive equal payments, equally spaced, with the same implicit interest rate each period
e. annual payments of equal amounts at a fixed interest rate
Answer: D
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.