Question

with an example state the meaning of annuity​

Answer 1

Answer:

●●a fixed sum of money paid to someone each year, typically for the rest of their life.

For example--"he left her an annuity of £1,000 in his will"

●●a form of insurance or investment entitling the investor to a series of annual sums.

For Example--"loans secured on an older person's home which are used to purchase

Answer 2

ANSWER-

it is a series of payment made two equal intervals example payment of saving deposit of Financing