Which of the Following Is Not a Characteristic of an Annuity

question 67

Multiple Choice

Which of the following is not a characteristic of an annuity?

• A)It is a series of equal payments.
• B)It earns an equal interest rate each interest period.
• C)Interest is compounded annually.
• D)Interest periods are of equal length.

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Definitions:

Distracted

A state of reduced concentration or diverted attention away from the primary task or subject.

Inattentional Blindness

A psychological phenomenon where an individual fails to perceive an unexpected stimulus in plain sight due to the focus of attention elsewhere.

Visible Objects

Items or entities that can be seen by the human eye under normal light conditions.

Selective Attention

The process by which a person focuses on one particular object or task, ignoring other stimuli or information.