An Annuity Can Best Be Described as

question 38

Multiple Choice

An annuity can best be described as

• A) a set of payments to be received during a period of time.
• B) a stream of payments to be received at a common interval over the life of the payments.
• C) an even stream of payments to be received at a common interval over the life of the payments.
• D) the present value of a set of payments to be received during a future period of time.

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