Multiple Choice
Sipho just signed a long-term lease on a townhouse in Johannesburg (near Sandton) that requires him to make equal monthly payments for the next five years.The payments Sipho has promised to make represent a(n) __________ for the landlord.
A) ordinary annuity
B) annuity due
C) series of uneven cash flows
D) perpetuity
Correct Answer:
Verified
Correct Answer:
Verified
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