Pn. Salmah has bought a refund annuity with 15 years certain. She dies at the end of the twelfth year of receiving an annuity of RM2,000 a month; her daughter Marissa is her only beneficiary. From this annuity, she will receive

Select one:

a) Marissa will receive a lump sum amount of sum covered for 15 years certain period.

b) Three months' payments for a total of RM6,000

c) Only the interest that has accumulated on the unpaid funds

d) A lump sum premium amount equivalent to the amount her father would have paid.