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  3. Study Set
    Foundations of Financial Management
  4. Exam
    Exam 9: The Time Value of Money
  5. Question
    An Annuity Is a Series of Consecutive Payments of Equal
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An Annuity Is a Series of Consecutive Payments of Equal

Question 19

Question 19

True/False

An annuity is a series of consecutive payments of equal amount.
If even ONE of a stream of payments is not the same, we cannot use the "shortcut" of annuity tables and calculations

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