if a person invest 7,000 dollars at the end of each year for 20 years in an annuity with an interest rate of 10%, how much will be accumulated at the end of the investment period

False. if you purchase an annuity that will pay you 10,000 per year for 10 years, you have purchased a Term Certain Annuity. [ ]

Expert answered|millerhan|Points 133|

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