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Which two terms are associated directly with the way an annuity is funded?
A) Renewable or convertible.
B) Single payment or periodic payments.
C) Increasing or decreasing.
D) Level of flexible.

Respuesta :

Answer:

D

Explanation:

Annuities can either be paid for as a lump sum (Single payment) or periodic payment.

Periodic payments can wither be fixed or variable

fixed payment is when a fixed amount is payed at a particular year. For example, $400 is paid at the beginning of every year.

Variable payment is when there is no structure in the amount or time the annuity is funded