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12 December, 11:29

Which of the following most accurately describes an annuity? A. a series of unequal cash payments made at equal time intervals B. a term that does not apply to mortgage payable or bond payable C. a stream of equal cash payments made at equal time intervals D. an investment which produces increasing cash flows over time

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  1. 12 December, 14:52
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    Answer: C is correct, a stream of equal cash payments made at equal time intervals
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