Which of the Following Statements Is Not True of Annuities

question 101

Multiple Choice

Which of the following statements is not true of annuities?

• A) They can provide annual payments for life.
• B) They provide no tax advantages.
• C) They generally have high fees.
• D) You can withdraw your investment as a lump sum.

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Definitions:

Actual Parameters

The actual values or expressions passed to a function or method when it is called, as opposed to the formal parameters defined in the method signature.

Modifier

A keyword in programming languages that you use to specify the properties of an attribute, method, or class, such as public, private, or static.

Specify

To specify means to identify something clearly and explicitly.

Outside A Class

Refers to code or functions that are defined or executed outside of a class definition in object-oriented programming.