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8. What is the growth of a variable annuity's funds based on? a. the performance of the investment accounts in which its premiums are deposited

8. What is the growth of a variable annuity's funds based on?

a. the performance of the investment accounts in which its premiums are deposited

b. the performance of the S&P 500 or the Dow Jones Industrial Average, whichever the annuity owner selects

c. the insurer's investment returns on its annuity reserves

d. quarterly interest rates declared by the insurer's board of directors

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