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    Question

    Purchase price (premium) for the immediate annuity is

    to be paid in how many installments?
    A 1 Correct Answer Incorrect Answer
    B 2 Correct Answer Incorrect Answer
    C 3 Correct Answer Incorrect Answer
    D 4 Correct Answer Incorrect Answer
    E 5 Correct Answer Incorrect Answer

    Solution

    Purchase price (premium)for the immediate annuity is to be paid in lump sum in one installment only.

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