Cash Flows from an Annuity Occur Every Year in the Future

question 55

True/False

Cash flows from an annuity occur every year in the future.

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Definitions:

Percent

A ratio or fraction out of 100 representing a part of a whole.

Cent

A monetary unit that is equal to one hundredth of the base unit of currency in many countries, such as the dollar or euro.

Accurate

The quality of being true, correct, or precise.

Cent

The smallest unit of currency in many countries, equal to 1/100 of the base unit.