{"id":32396,"date":"2024-04-15T09:00:59","date_gmt":"2024-04-15T09:00:59","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=32396"},"modified":"2024-04-15T09:00:59","modified_gmt":"2024-04-15T09:00:59","slug":"state-the-correct-option-8","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/state-the-correct-option-8\/","title":{"rendered":"State the correct option"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Amount of annuity depends on duration of annuity payments, principal sum of money, investment period and rate of return&#8221; option2=&#8221;Amount of annuity does not depend on the principal sum of money&#8221; option3=&#8221;Investment period has no relation to the amount of annuity&#8221; option4=&#8221;Annuity is independent of rate of return&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is: A. Amount of annuity depends on duration of annuity payments, principal sum of money, investment period and rate of return.<\/p>\n<p>An annuity is a series of equal payments made at regular intervals for a fixed period of time. The amount of annuity depends on the following factors:<\/p>\n<ul>\n<li><strong>Duration of annuity payments:<\/strong> The longer the duration of the annuity payments, the higher the amount of the annuity.<\/li>\n<li><strong>Principal sum of money:<\/strong> The larger the principal sum of money, the higher the amount of the annuity.<\/li>\n<li><strong>Investment period:<\/strong> The longer the investment period, the higher the amount of the annuity.<\/li>\n<li><strong>Rate of return:<\/strong> The higher the rate of return, the higher the amount of the annuity.<\/li>\n<\/ul>\n<p>Option B is incorrect because the amount of annuity does depend on the principal sum of money. Option C is incorrect because the investment period does have a relation to the amount of annuity. Option D is incorrect because annuity is not independent of rate of return.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Amount of annuity depends on duration of annuity payments, principal sum of money, investment period and rate of return&#8221; option2=&#8221;Amount of annuity does not depend on the principal sum of money&#8221; option3=&#8221;Investment period has no relation to the amount of annuity&#8221; option4=&#8221;Annuity is independent of rate of return&#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[],"class_list":["post-32396","post","type-post","status-publish","format-standard","hentry","category-insurance","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>State the correct option<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/state-the-correct-option-8\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State the correct option\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Amount of annuity depends on duration of annuity payments, principal sum of money, investment period and rate of return&#8221; 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option2=&#8221;Amount of annuity does not depend on the principal sum of money&#8221; option3=&#8221;Investment period has no relation to the amount of annuity&#8221; option4=&#8221;Annuity is independent of rate of return&#8221; correct=&#8221;option1&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/state-the-correct-option-8\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T09:00:59+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/state-the-correct-option-8\/","url":"https:\/\/exam.pscnotes.com\/mcq\/state-the-correct-option-8\/","name":"State the correct option","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-15T09:00:59+00:00","dateModified":"2024-04-15T09:00:59+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/state-the-correct-option-8\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/state-the-correct-option-8\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/state-the-correct-option-8\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"Insurance","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/insurance\/"},{"@type":"ListItem","position":4,"name":"State the correct option"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/32396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=32396"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/32396\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=32396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=32396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=32396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}