please select all that applyHomework Answers
Option A, C , D is correct.
Explantions of each.
A:- Annuity is a series of equal payment made at regular intervals i,e Annually
C:- Yes. Under variable annuity, payment amount could be change due to change in investment risk and inflation.
D:- Yes. Under Annuity , Payment must be occur annually.
Explanation of Option (D) :- Present value can't be calculated without using time value table because table contain discounting factors by multiplying with them we get present value of money.
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