what are the difference of simple, general, and deferred annuities?
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Step-by-step explanation:
The main difference is that in a simple annuity the payment interval is the same as the interest period while in a general annuity the payment interval is not the same as the interest period.
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deferred annuity receives premiums and investment changes for payout at a later time. ... An immediate annuity is designed to pay an income one time-period after the immediate annuity is bought. The time period depends on how often the income is to be paid.
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