A(n) ____________________ Annuity Is One in Which the Number of Compounding

question 134

Short Answer

A(n) ____________________ annuity is one in which the number of compounding periods per year coincides with the number of annuity payments per year.

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Definitions:

Reasonable Care

The degree of caution and concern for the safety of the self and others an ordinarily prudent and rational person would use in the circumstances.

Hidden Dangers

Risks or hazards that are not obvious or easily noticed but can cause harm or damage.

Invitees

Individuals who are invited onto a property for the benefit of the property owner or occupant, thus owed a high degree of care.

"50 Percent" Rule

refers to an insurance rule where a damaged vehicle is considered a total loss if the cost of repair is 50 percent or more of its value before the damage.