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Judy purchased a fixed annuity under which interest during the accumulation period is credited based on the insurer's periodic interest rate declaration. Based on this
Judy purchased a fixed annuity under which interest during the accumulation period is credited based on the insurer's periodic interest rate declaration. Based on this information, what annuity type has Judy purchased?
a immediate annuity
b indexed annuity
c market value adjusted annuity
d declared rate annuity
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Principles Of Managerial Finance
Authors: Chad Zutter, Scott Smart
16th Global Edition
1292400641, 978-1292400648
