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    Exam 5: The Time Value of Money
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    A Stream of Equal Cash Payments Lasting Forever Is Termed
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A Stream of Equal Cash Payments Lasting Forever Is Termed

Question 9

Question 9

Multiple Choice

A stream of equal cash payments lasting forever is termed:


A) An annuity
B) An annuity due
C) An installment plan
D) A perpetuity

Correct Answer:

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