A type of security payment in which payments are made at equal intervals of time and each payment amount is same is classified as?

LohaHridoy
  1. fixed interval investment
  2. fixed payment investment
  3. annuity
  4. lump sum amount

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Answer: Option 3

A type of security payment in which payments are made at equal intervals of time and each payment amount is same is classified as annuity. An annuity is a financial product that pays out a fixed stream of payments to an individual. These financial products are primarily used as an income stream for retirees.

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