Multiple Choice
An annuity can best be described as
A) a set of payments to be received during a period of time.
B) a stream of payments to be received at a common interval over the life of the payments.
C) an even stream of payments to be received at a common interval over the life of the payments.
D) the present value of a set of payments to be received during a future period of time.
Correct Answer:
Verified
Correct Answer:
Verified
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