If payment of security is paid as $100 at end of year for three years, it is an example of______________?

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Academy of PakistanTest & Learning

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49FinanceMedium

AFixed payment investment

BAnnuity

CLump sum amount

DFixed interval investment

Correct answer

B. Annuity

Explanation

Annuity is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.

If payment of security is paid as $100 at end of year for three years, it is an example of______________? - Answer and Explanation | Academy of Pakistan