Question

A series of equal periodic payments that starts more than one period after the agreement is called: Multiple Choice An annuity due. An ordinary annuity. A future annuity. A deferred annuity.

Answer 1

Answer:

A deferred annuity.

Explanation:

A deferred annuity is the contract done with the insurance company in which the promise is made with respect to the amount paid to the owner as a regular income or a lump sum amount for some future date

Therefore in the given case, the last option is correct and the same is to be considered

All the other options are wrong