A type of security payment in which payments are made at equal intervals of time and each payment amount is same is classified as Options: A . &nbspfixed interval investment B . &nbspfixed payment investment C . &nbspannuity D . &nbsplump sum amount

A type of security payment in which payments are made at equal intervals of time

Question

A type of security payment in which payments are made at equal intervals of time and each payment amount is same is classified as

Options:

A . fixed interval investment

B . fixed payment investment

C . annuity

D . lump sum amount

Answer: Option C
Answer: (c).annuity

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