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13. Which of the following statements is (are) true with respect to a joint-and-survivor annuity? 1. It guarantees a refund equal to the principal sum

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13. Which of the following statements is (are) true with respect to a joint-and-survivor annuity? 1. It guarantees a refund equal to the principal sum less the total payments already made. II. No payments are made after the first death. a. Ionly b. II only c. Both I and II 1. Neither I nor

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