Multiple Choice
At the age of 65 your grandfather decides to retire and use the money he saved in his RRSPs.He decided to get a fixed amount every quarter starting the day he retires.What type of payment is this?
A) an ordinary annuity
B) an annuity due
C) a reverse ordinary annuity
D) a reverse annuity due
Correct Answer:
Verified
Correct Answer:
Verified
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