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      Question

      The fixed income that one gets after the

      retirement is also known as ________.┬а
      A Securities Correct Answer Incorrect Answer
      B Interest Correct Answer Incorrect Answer
      C Fund Correct Answer Incorrect Answer
      D Annuity Correct Answer Incorrect Answer
      E Provident Fund Correct Answer Incorrect Answer

      Solution

      An annuity is a fixed amount of money that you will get each year for the rest of your life. An annuity is a contract between you and an insurance company that requires the insurer to make payments to you, either immediately or in the future.

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