Which one of the following is an example of an annuity?
A) The payment of $389 in January, $200 in February and $200 in March.
B) The receipt of $100 a month for three months and then $150 a month for two months.
C) The receipt of $50 in January, March, April, June, August, September and December.
D) The payment of $259 a month for three consecutive years.
Correct Answer:
Verified
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