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Doctors Medicines MCQs Q&A

  1. fixed interval investment
  2. fixed payment investment
  3. annuity
  4. lump sum amount
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1 Answers

Answer: Option 3

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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