If Your Investment Pays the Same Amount at the End

question 4

Multiple Choice

If your investment pays the same amount at the end of each year for a period of six years, the cash flow stream is called

• A) a perpetuity.
• B) an ordinary annuity.
• C) an annuity due.
• D) none of the above.

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Definitions:

Secondary Education

The stage of education that follows primary education, typically including high school or equivalent, preparing students for higher education or vocational training.

Elementary School

A school providing the first segment of compulsory education, typically for children from kindergarten through grades 4-6 or 4-8, depending on the system.

Middle School

An educational institution that serves early adolescents, typically ranging from grades 6 through 8 in the United States.

High School

A secondary school that typically comprises grades 9 through 12, or something equivalent, serving students approximately 14 to 18 years old.