The Most Important Thing to Note About an Annuity Is

question 45

Multiple Choice

The most important thing to note about an annuity is

• A)that the payment must not change over time.
• B)that the payment increases according to the discount rate.
• C)it reflects the growth of a single lump sum.
• D)that it reflects the power of simple interest.

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Definitions:

Bronchi

Major passages of the respiratory system that diverge from the windpipe (trachea) and direct air into the lungs.

Cilia

Microscopic, hair-like structures on the surface of cells that move in a waving motion to transport substances across the cell surface.

Epiglottis

A flap of tissue at the root of the tongue that is depressed during swallowing to cover the opening of the windpipe and prevent food from entering the lungs.

Larynx

The voice box located in the throat, responsible for producing vocal sounds, protecting the trachea during swallowing, and regulating airflow to the lungs.