An Annuity Stream Where the Payments Occur Forever Is Called

question 28

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)amortization table.

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Definitions:

Louis XIV

Known as the "Sun King," he was a monarch of the House of Bourbon who reigned as King of France from 1643 until his death in 1715.

Versailles

A grand palace and symbol of the absolute monarchy of Louis XIV, located near Paris, France, known for its lavish architecture and gardens.

André Le Nôtre

A French landscape architect who is best known for designing the gardens of the Palace of Versailles, exemplifying the French formal garden style.

Park and Gardens

Designed natural spaces, often in urban contexts, that provide recreation and beauty through landscaped areas, plants, and trees.