An Annuity Is an Asset That Pays a Fixed Sum

question 96

True/False

An annuity is an asset that pays a fixed sum each year for a specified number of years.

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Definitions:

RAM Slot

A physical slot inside a computer where a RAM (Random Access Memory) module is inserted to increase the machine’s memory capacity.

Thin Client

A type of computer that does not have all the ports and components (such as a hard drive) of a traditional PC. It includes basic applications, meets minimum requirements for the selected OS, and has network connectivity.

Thick Client

A computer that can run its applications and perform most tasks independently without needing constant communication with a server.

Minimal Applications

Software applications designed with the minimum necessary features to perform their intended functions, often emphasizing simplicity and efficiency.