Fill in the blanks with an appropriate word, phrase, or symbol(s). An annuity that is established with

Question:

Fill in the blanks with an appropriate word, phrase, or symbol(s).

An annuity that is established with a lump sum for the purpose of providing the investor with regular payments for the rest of the investor’s life is called a(n) _________ annuity.

Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...

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