ABC Insurance offers an annuity with a minimum interest rate of 4 APR for the next 5 years You decide to invest 500 each year

Question

ABC Insurance offers an annuity with a minimum interest rate of 4 APR for the next 5 years You decide to invest 500 each year into this account Wha type of annuity is this OA Single payment variable annuity B Recurring payment fixed annuity C Recurring payment variable annuity D Single payment fixed annuity

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