2402. A type of security payment in which payments are made at equal intervals of time and each payment amount is same is classified as

✅ The correct answer is C.
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.