Which of the following funds of a nonprofit organization makes periodic payments of a fixed amount at equal intervals.

Name: Which of the following funds of a nonprofit organization makes periodic payments of a fixed amount at equal intervals.
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Question

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An annuity fund is specifically designed to make periodic payments of a fixed amount at equal intervals, which is a characteristic feature of annuities. This type of fund is often used to provide a steady income stream to beneficiaries.

Which of the Following Funds of a Nonprofit Organization Makes