Question

Which of these is an example of a recurring-payment fixed annuity?

A. An annuity with an APR of 3.4% into which you invest $2500 each
year

B. An annuity with an APR of 3.4% into which you invest a lump sum
of $12,500

C. An annuity with a minimum APR of 3.4% into which you invest a
lump sum of $12,500

D. An annuity with a minimum APR of 3.4% into which you invest
$2500 each year

Answer 1

An annuity with an APR of 3.4% into which you invest a lump sum of $12,500

Answer 2

C) An annuity with a minimum APR of 3.4% into which you invest a

lump sum of $12,500

Explanation:

Answer:

C) An annuity with a minimum APR of 3.4% into which you invest a

lump sum of $12,500