What is the full form of "AIR"?
A. Annual Income Ratio
B. Assert Interest Ratio
C. Assumed Interest Rate
D. Accounting Information Range
Answer: Option C
Solution (By Examveda Team)
The assumed interest rate (AIR) is the rate of interest (or growth rate) selected by an insurance company. The assumed interest rate is provided to determine the value of an annuity contract and, therefore, the periodic income payment provided to the annuitant.This Question Belongs to Abbreviations >> Finance Abbreviations
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