Asked by Colleen Tercek on Jun 03, 2024
Verified
An annuity is a series of equal payments at equal time intervals.
Annuity
A financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.
- Become familiar with the theories of present value and their relevance to making financial decisions.
Verified Answer
ZK
Zybrea KnightJun 04, 2024
Final Answer :
True
Explanation :
An annuity is a financial product that consists of a series of equal payments made at equal intervals, usually monthly or annually. It can be used to provide a steady income during retirement or to save money for future expenses.
Learning Objectives
- Become familiar with the theories of present value and their relevance to making financial decisions.