Which of the Following Most Accurately Describes an Annuity

question 80

Multiple Choice

Which of the following most accurately describes an annuity?

• A) an investment which produces increasing cash flows over time
• B) a series of unequal cash payments made at equal time intervals
• C) a stream of equal cash payments made at equal time intervals
• D) a term that does not apply to mortgage payable or bond payable

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Definitions:

Elaborative Rehearsal Cue

A memory technique involving the linking of new information to existing knowledge through the creation of meaningful associations.

Structural Cue

Visual or auditory information that helps to understand the organization or structure of an environment or object.

Declarative Memories

Memories that are retrievable through conscious effort, involving facts and episodes.

Nondeclarative Memories

Memories that are gained through experience and practice, such as skills or habits, that we are not consciously aware of.