Which one of the below is not a case of annuity?

A. Payment of Rs.10, 000 received today last year on the same day and likely payment of a similar sum by the insurer next year

B. Electricity Bill

C. Car payments made by the loanee car owner

D. Periodical mortgage payments

Answer: Option B

Solution(By Examveda Team)

Electricity Bill is not a case of annuity.