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

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

A type of security payment in which payments are made at equal intervals of time and each payment amount is same is classified as annuity. An annuity is a financial product that pays out a fixed stream of payments to an individual. These financial products are primarily used as an income stream for retirees.
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