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All of These Scenarios Are Examples of Annuities EXCEPT

Question 38

Multiple Choice

All of these scenarios are examples of annuities EXCEPT


A) Chris only has to pay credit card bills when he buys items with his card.
B) Mallory pays $500 in rent every month.
C) Steve pays monthly installments of $50 per month for the holiday presents he bought on layaway.
D) Crystal pays a heating and air conditioning specialist $150 twice per year to prepare her temperature control system prior to Summer and Winter.
E) Kate pays $1,500 per month for her mortgage.

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