select the correct answer. which statement defines an annuity? a. a retirement plan offered by employers b…

select the correct answer. which statement defines an annuity? a. a retirement plan offered by employers b. a group of investments that many individual investors hold in common c. an investment plan that guarantees payments at regular intervals after retirement

select the correct answer. which statement defines an annuity? a. a retirement plan offered by employers b. a group of investments that many individual investors hold in common c. an investment plan that guarantees payments at regular intervals after retirement

Answer

Brief Explanations:

An annuity is an investment - based retirement product that provides regular payments post - retirement. Option A is a general employer - offered retirement plan which may not be an annuity. Option B describes a mutual fund. Option C correctly defines an annuity as an investment plan guaranteeing regular post - retirement payments.

Answer:

C. an investment plan that guarantees payments at regular intervals after retirement