On which of the following does amount of annuity payable depend?
1. Principal sum of money
2. Investment period
3. Rate of return
4. Duration of annuity payments
A. 1 and 2
B. 1, 2 and 3
C. 1, 3 and 4
D. 1, 2 , 3 and 4
Answer: Option D
Solution (By Examveda Team)
Amount of annuity payable depends on all of the above.Related Questions on Insurance
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