Q637
Which one of the below is not a case of annuity?
A.
Payment of Rs.10, 000 received today last year on the same day and likely payment of a similar sum by the insurer next year
B.
Electricity Bill
AnswerC.
Car payments made by the loanee car owner
D.
Periodical mortgage payments
Answer: Option B
Solution
Answer: Option B
Solution:
Electricity Bill is not a case of annuity.