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Commerce · Q565

Insurance

Graduate and Post Graduate · Commerce · question 565

Q565

An annuity with infinite life with continuous payments of annuities by the insurer is

A.
Amortised plan of loan
B.
Annuity in perpetuity
Answer
C.
APR
D.
Principal

Answer: Option B

Solution

Answer: Option B
Solution:
An annuity with infinite life with continuous payments of annuities by the insurer is annuity in perpetuity.