Paid member - An annuity is a series of payments of a fixed amount for a specific period.

Paid member - An annuity is a series of payments of a fixed amount for a specific period. $100 a year for 10 years is an annuity, but $100 in Year 1, $200 in year 2, and $400 in year 3 through 10 - does not constitute an annuity. However the entire series does contain an annuity. True or false? Thank you