A fund pays 5,000 at the end of every year for ten years. A fixed peri…

Question

A fund pays 5,000 at the end of every year for ten years. A fixed periodic stream like that is called an:

Accepted Answer

C. Annuity

1. The payments are equal and arrive on a regular schedule.
2. That is exactly the pattern the term describes.
3. The stream is an annuity.
_Source: OpenStax Principles of Finance 2e, Chapter 8, Time Value of Money II._

Answer

Anomaly

Answer

Analogy

Answer

Amenity

A fund pays 5,000 at the end of every year for ten years. A fixed periodic stream like that is called an:

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