Which of the Following Statements Regarding Annuities Is FALSE

question 38

Multiple Choice

Which of the following statements regarding annuities is FALSE?

• A)PV of an annuity = C ×
• B)The difference between an annuity and a perpetuity is that a perpetuity ends after some fixed number of payments.
• C)An annuity is a stream of N equal cash flows paid at regular intervals.
• D)Most car loans,mortgages,and some bonds are annuities.

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Definitions:

Status Quo

The existing state of affairs or current condition or situation, which is often maintained or referred to in discussions of change.

Contract Creation

The process of forming an agreement between parties that is legally enforceable.

Disaffirm

To express denial or contradiction of a previous statement, belief, or agreement.

Minor Contracts

Agreements entered into by individuals under the age of legal majority, which are often voidable at the discretion of the minor.