New 55% Off on All Courses - Enroll Now! Click Here

    Question

    Purchase price (premium) for the immediate annuity is

    to be paid in how many installments?
    A 1 Correct Answer Incorrect Answer
    B 2 Correct Answer Incorrect Answer
    C 3 Correct Answer Incorrect Answer
    D 4 Correct Answer Incorrect Answer
    E 5 Correct Answer Incorrect Answer

    Solution

    Purchase price (premium)for the immediate annuity is to be paid in lump sum in one installment only.

    Practice Next