Question

1. Which of the following refers to the fixed sum of money paid to someone at
regular intervals and subject to a fixed compound interest?
a. annuity
c. compound interest
b. simple interest
d. annuity certain​

Answer 1

Answer:

answer is a annuity hope it helps if it helps then like me.

Answer 2

The fixed sum of money paid to someone at regular intervals and subject to fixed compound interest is Annuity. (Option a.)

• Annuity refers to a sum of investment payable at regular intervals. For example - a regular deposit to a bank.
• The annuities are of two types. In the case of a fixed rate annuity, the amount is subject to a fixed rate of interest.
• In the case of variable rate annuity, the interest rate varies because of the market's forces. It usually has a higher risk.