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    Understanding Business
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    Exam 24: Appendix: Managing Personal Finances
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    A Contract That Calls for Regular Payments to an Individual
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A Contract That Calls for Regular Payments to an Individual

Question 143

Question 143

Multiple Choice

A contract that calls for regular payments to an individual for life or for a fixed period of time is called a(n)


A) annuity.
B) fixed dividend plan.
C) mutual fund.
D) level premium agreement.

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