A $100 Annuity Is

question 56

Multiple Choice

A $100 annuity is

• A)$100 received in a single year
• B)$100 received each year forever
• C)more or less than $100, dependent on the interest rate, received for a certain number of years
• D)$100 received each year for a certain number of years
• E)more or less than $100, dependent on the interest rate, received until an upper limit is reached

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