An Annuity in Which the First Cash Flow Is to Occur

question 43

Multiple Choice

An annuity in which the first cash flow is to occur after a time period that exceeds the time period between each subsequent cash flow is known as a/an:

• A)deferred annuity.
• B)growth annuity.
• C)ordinary annuity.
• D)annuity due.

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Definitions:

Red X

A symbol commonly used to represent an error, close a window, or delete.

Action Query

A type of query in databases, especially in Microsoft Access, that performs actions on data (like inserting, updating, or deleting) rather than just selecting data.

Make-Table Query

A type of database query that creates a new table and populates it with data selected from one or more existing tables.

Select Query

In databases, a select query is used to retrieve specific data from one or more tables based on a set of criteria.