Which item best describes an annuity? The pooling together of multiple investors' money to increasing investing power. A share of ownership in a corporation A loan to a corporation that pays interest back to the investor Retirement vehicle in which an investor pays a lump sum up front (or regular payments) to receive income at a later date. A contract between a farmer and grocery store to sell/buy corn at a set price.

Question

UpStudy AI · Accepted Answer

An annuity is a retirement vehicle where an investor pays money upfront to receive income later. The item that best describes an annuity is: **Retirement vehicle in which an investor pays a lump sum up front (or regular payments) to receive income at a later date.** Annuities are financial products that provide a stream of income, typically used for retirement purposes, where an individual makes a payment or series of payments to an insurance company or financial institution in exchange for regular disbursements in the future.

UpStudy ThothAI Solution

Step-by-step Solution

Quick Answer

UpStudy ThothAI Solution

Step-by-step Solution

Quick Answer

Related Questions