question 41 of 60\nmonthly contributions to the annuity are made during which period?\na. distribution…

question 41 of 60\nmonthly contributions to the annuity are made during which period?\na. distribution period\nb. pay out period\nc. annuity period\nd. accumulation period

question 41 of 60\nmonthly contributions to the annuity are made during which period?\na. distribution period\nb. pay out period\nc. annuity period\nd. accumulation period

Answer

Brief Explanations:

In an annuity, contributions are made during the accumulation phase to build up the value of the annuity. The distribution or pay - out period is when payments are received from the annuity. The annuity period is a general term but contributions are specifically made during the accumulation period.

Answer:

D. Accumulation period