Which of the following methods assumes that the accumulated savings will be depleted at the end of an individual's lifetime?

Name: Which of the following methods assumes that the accumulated savings will be depleted at the end of an individual's lifetime?
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Question

Quizplus · Accepted Answer

A pure annuity assumes that the accumulated savings will be depleted at the end of an individual's lifetime by providing a guaranteed income stream until death. Therefore, this is the method that assumes the given premise.

Which of the Following Methods Assumes That the Accumulated Savings