Which Stream of Cash Flows Is Not an Example of an Annuity

question 43

Multiple Choice

Which stream of cash flows is not an example of an annuity?

• A) Fixed rate mortgage payment
• B) 360-month mortgage payment where the interest rate is reset annually
• C) 48-month car payment
• D) Interest payment on a 10-year Treasury bond

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Definitions:

Evolutionary Psychology

A theoretical approach in psychology that attempts to explain useful mental and psychological traits as the functional products of natural selection.

Adaptive Purpose

Refers to the ways in which behaviors or physical traits contribute to an organism's survival or reproductive success in its environment.

Common Behaviour

Actions or reactions that are frequently exhibited by a majority of individuals within a particular group or society.

Culture

The customs, arts, social institutions, and achievements of a particular nation, people, or other social group.