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:

CEQ

Council on Environmental Quality, a federal agency that advises the United States president on environmental policy and issues.

Chlorofluorocarbons

Chemical compounds that were widely used as refrigerants and aerosol propellants until they were found to deplete the ozone layer.

Ozone Layer

A layer in the Earth's stratosphere containing a high concentration of ozone, which absorbs most of the sun's ultraviolet radiation, protecting life on Earth.

Greenhouse Gases

Gases that trap heat in the atmosphere, contributing to global warming and climate change.