How Long Did Kannan Work for Ouseph

question 35

Multiple Choice

How long did Kannan work for Ouseph?

• A)12 months
• B)12 years
• C)12 days, and 12 months
• D)12 days 12 months and 12 years

---

Definitions:

Ordinary Annuity

A series of equal payments made at regular intervals, with the first payment occurring at the end of the period.

Deferred Annuity

An insurance contract in which periodic payments begin at some future date, typically used as a retirement savings vehicle.

Ordinary Annuity

An ordinary annuity is a series of equal payments made at the end of consecutive periods over a fixed length of time.

Deferred Annuity

An insurance product that provides for the accumulation of capital on a tax-deferred basis, with payouts commencing at a future date, typically used as a retirement planning tool.