Q208
On which of the following does amount of annuity payable depend?1. Principal sum of money2. Investment period3. Rate of return4. Duration of annuity payments
A.
1 and 2
B.
1, 2 and 3
C.
1, 3 and 4
D.
1, 2 , 3 and 4
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Amount of annuity payable depends on all of the above.