Annuity |
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Fixed sum of money that occurs annually. For example, an investment plan that pays out $700 per year for each of the next ten years with payments to be made at the end of each year would be called an annuity. | |||
Annuity |
|||
Fixed sum of money that occurs annually. For example, an investment plan that pays out $700 per year for each of the next ten years with payments to be made at the end of each year would be called an annuity. | |||