Question

What is the name for the type of arranged monthly payment that is made from a savings or retirement fund so that the balance may continue to draw interest?

(1 point)
Responses

deposit

deposit

interest

interest

annuity

annuity

earnings
Answered by GPT-4o mini
The correct answer is **annuity**. An annuity is a financial product that provides a series of payments made at equal intervals, often used for retirement savings where the balance continues to draw interest.
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