question 11 (1 point)\nwhich of the following best describes an annuity?\n a an investment with no…

question 11 (1 point)\nwhich of the following best describes an annuity?\n a an investment with no interest\n b a type of stock that pays dividends\n c a one - time investment with immediate returns\n d a series of regular payments made into or received from an account\nquestion 12 (1 point)\nif an annuity compounds interest monthly, what does that mean?\n a interest is added once a year\n b interest is never added\n c interest is added 12 times a year\n d interest is added every two years

question 11 (1 point)\nwhich of the following best describes an annuity?\n a an investment with no interest\n b a type of stock that pays dividends\n c a one - time investment with immediate returns\n d a series of regular payments made into or received from an account\nquestion 12 (1 point)\nif an annuity compounds interest monthly, what does that mean?\n a interest is added once a year\n b interest is never added\n c interest is added 12 times a year\n d interest is added every two years

Answer

Brief Explanations:

An annuity is a series of equal - value cash flows occurring at regular intervals. Compounding monthly means interest is calculated and added 12 times a year.

Answer:

Question 11: d. A series of regular payments made into or received from an account Question 12: c. Interest is added 12 times a year