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Sagot :
Final answer:
An annuity is a contract that provides regular payments either for a specified period or until the individual's death, commonly chosen by those seeking retirement income.
Explanation:
An annuity is a contract with an insurance company or financial institution that provides annual payments for a specified number of years or until your death. It is commonly purchased by individuals who want to provide income for retirement. Annuities offer a fixed stream of money payments over time, making them a stable investment option for retirement planning.
Learn more about Annuities for retirement planning here:
https://brainly.com/question/30478384
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