Multiple Choice
A firm plans to make investments of $5,000 for the next 10 years, paying the amount at the end of each year. This form of payment represents a(n) _____.
A) lump-sum payment
B) uneven cash flow stream
C) annuity due
D) ordinary annuity
E) immediate annuity
Correct Answer:
Verified
Correct Answer:
Verified
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