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This question belongs to Commerce Insurance

Insurance

?

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 & Solution

Correct Answer: Option B

Electricity Bill is not a case of annuity.

Question posted by Examveda

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