Q382
Student loans, mortgages and car loans are examples of
A.
lump sum amount
B.
deferred annuity
AnswerC.
annuity due
D.
payment fixed series
Answer: Option B
Solution
Answer: Option B
Solution:
Student loans, mortgages and car loans are examples of deferred annuity. A deferred payment annuity is an insurance product that provides future payments to the buyer rather than an immediate stream of income.