An Annuity Stream of Cash Flow Payments Is a Set

Multiple Choice

An annuity stream of cash flow payments is a set of:

A) level cash flows occurring each time period for a fixed length of time.
B) level cash flows occurring each time period forever.
C) increasing cash flows occurring each time period for a fixed length of time.
D) increasing cash flows occurring each time period forever.
E) arbitrary cash flows occurring each time period for no more than 10 years.