ExamVeda
Login
Home
Finance Abbreviations
?

What is the full form of "AIR"?

Answer & Solution
Correct Answer: Option C
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.
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.