In Case of an Annuity with a Spread of 3

question 380

Multiple Choice

In case of an annuity with a spread of 3%, if the index gained 9%, the return credited to the annuity would be:

• A) 11%
• B) 27%
• C) 6%
• D) 3%

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Definitions:

Limited Service

Refers to businesses or offerings that provide a narrower range of services or goods compared to full-service counterparts, often at a lower cost.

Self-Service

A customer service model in which individuals perform tasks and access services independently, often facilitated by technology, without direct assistance from staff.

Full-Service Retailer

A retail outlet that offers a wide range of services to its customers, including sales assistance, product information, and after-sales support.

Professional Attention

The focused consideration or service given by individuals with specialized knowledge or expertise, often in fields such as medicine, law, or consulting.