A Stream of Equal Cash Payments Lasting Forever Is Termed

question 29

Multiple Choice

A stream of equal cash payments lasting forever is termed as:

• A)an annuity.
• B)an annuity due.
• C)an installment plan.
• D)a perpetuity.

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Definitions:

Roller Skates

Shoes or boots with four wheels arranged in a rectangular pattern, allowing the wearer to glide along surfaces for recreation or sport.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the physical factors of production including machinery.

Labor

The human effort, both physical and mental, used to produce goods and services.

Isocost Line

A chart displaying every possible input mix that can be acquired for an identical expense.