An Ordinary Annuity Involves Depositing or Investing a Single Sum

question 2

True/False

An ordinary annuity involves depositing or investing a single sum of money and allowing it to grow for a certain number of years.

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Definitions:

Tenth Amendment

An amendment to the United States Constitution stating that the powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are reserved to the states respectively, or to the people.

Defense of Marriage Act

A federal law enacted in 1996 that defined marriage as the union between one man and one woman, denying federal recognition of same-sex marriages until it was ruled unconstitutional in 2013.

Windsor v. United States

A landmark Supreme Court case that declared Section 3 of the Defense of Marriage Act (DOMA) unconstitutional, advancing the rights of same-sex couples.

Same-Sex Marriage

The legally or socially recognized marriage between two individuals of the same gender.