An Annuity Stream Where the Payments Occur Forever Is Called

question 64

Multiple Choice

An annuity stream where the payments occur forever is called a(n)

• A)annuity due.
• B)indemnity.
• C)perpetuity.
• D)amortized cash flow stream.
• E)ordinary annuity.

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Definitions:

Pair of Equations

Two equations that are considered together, often used to find the solution to a set of variables in math.

Three Figure Accuracy

Refers to rounding calculations to three significant digits.

Pair of Equations

Two mathematical statements set equal to each other, used to find the value of variables.

Unknown Variable

A symbol in mathematics and algebra that represents a number not yet identified but can be solved for in an equation.