A $100 annuity is

Question

A $100 annuity is

Quizplus · Accepted Answer

An annuity is a series of payments of equal amounts, typically paid at regular intervals. A $100 annuity means that $100 will be received each year for a certain number of years. This is represented by option D. Option A represents a single payment of $100. Option B represents $100 received each year indefinitely, which is not specified in the question. Option C represents a variable amount dependent on interest rate and time period. Option E specifies an upper limit which is also not given in the question.

A $100 Annuity Is