Examlex
Determine whether the following is a difference of squares.
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Deferred Annuity
An annuity contract that delays payments of income, installments or a lump sum until the investor elects to receive them.
Ordinary Annuity
Unchanging installments paid at the finale of successive terms over a fixed duration.
Deferred Annuity
An annuity contract that delays payments until the investor elects to receive them, usually at retirement.
Ordinary Annuity
Periodic equal distributions made at the terminus of each phase throughout a determined period.
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