Question

Which situation involves an annuity?

A.
investing a $1,000 lump sum into an investment account
B.
depositing $5,000 into a one-year CD
C.
using $500 to open a savings account
D.
making regular deposits of $100 into a sinking fund

Answer 1

Answer:c. Using $500 to open a saving account

Explanation:

Answer 2

its D. making regular deposits of $100 into a sinking fund.

Explanation:

I got it right