Which One of the Following Is an Example of a Perpetuity

question 6

Multiple Choice

Which one of the following is an example of a perpetuity?

• A)Trust income of $1,200 a year forever
• B)Retirement pay of $2,200 a month for 20 years
• C)Lottery winnings of $1,000 a month for life
• D)Car payment of $260 a month for 60 months
• E)Apartment rent payment of $800 a month for one year

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Definitions:

Triple Bottom Line

A sustainability framework that examines a company's social, environmental, and financial performance, aiming for a balance between profit, people, and the planet.

Economic

Relating to the production, distribution, and consumption of goods and services, and the management of wealth within a society.

Social

Pertaining to society or its organization; relating to human society and how individuals interact and live together in communities.

Codes Of Ethics

A set of principles and rules designed to guide the behavior and decision-making of members within an organization or profession.