Madison invests $50.00 a week into an account earning 3.5 percent interest. She does not know how long she will continue to do this. This type of investment is known as a(n)
A. annuity certain
B. Contingent annuity
C. annual annuity (I think)
D. Non-Stranded annuity

Question

Madison invests $50.00 a week into an account earning 3.5 percent interest. She does not know how long she will continue to do this. This type of investment is known as a(n)
A. annuity certain
B. Contingent annuity
C. annual annuity (I think)
D. Non-Stranded annuity

qwertty123 · Answer

C is An annuity is a series of equal payments at regular intervals. Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments. Annuities are classified by the frequency of payment dates.

qwertty123 · Answer

Does that make sense?

tifferslovesyaoi · Answer

not really.

tifferslovesyaoi · Answer

Jackson owns stock in Jerry's paint. Today, he recieved a check reflecting his portions of the company's quarterly profits. This payment is called a(n)
A. profit sharing
B. dividened (I think) 
C. share
D. Stock (i think)