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    Exam 4: Time Value of Money
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    In Most Instances, the Payment of Utility Bills Is an Example
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In Most Instances, the Payment of Utility Bills Is an Example

Question 35

Question 35

Multiple Choice

In most instances, the payment of utility bills is an example of _____. 


A) immediate annuity
B) ordinary annuity
C) annuity due
D) lump-sum payments
E) uneven cash flows

Correct Answer:

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