Which of the Following Most Accurately Describes the Annuity

question 87

Multiple Choice

Which of the following most accurately describes the annuity?

• A)an investment which produces increasing cash flows overtime
• B)an installment loan with amortizing principal payments
• C)a stream of equal installments of cash flows made at equal time intervals
• D)a term life insurance policy

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Definitions:

Clustering

A method of thinking up ideas by writing the central topic in the middle of the page, circling it, writing down the ideas that topic suggests, and circling them.

Freewriting

A kind of writing uninhibited by any constraints. Freewriting may be useful in overcoming writer’s block, among other things.

Formal Style

A manner of communication or presentation characterized by precision, clarity, and adherence to established conventions and protocols.

Administrative Writing

Writing used in administrative contexts, such as memos, reports, and emails, intended for organizational or management purposes.