The Payment or Receipt of a Series of Equal Cash

question 43

Multiple Choice

The payment or receipt of a series of equal cash flows per period, at the end of each period, for a specified amount of time is called a(n) ____.

• A) annuity due
• B) perpetuity
• C) ordinary annuity
• D) simple interest

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Definitions:

Writes

Writes refers to the act of composing text for various purposes, such as communication, recording, or artistic expression.

Delivered

Successfully transferred or brought to a specified destination.

Effect

The result or outcome that is produced by a cause or agent; it shows how something influences the state of something else.

Affect

The experience of feeling or emotion, which can influence an individual's perception and behavior.