C cour Identify whether the situations described in the following table are exam

Question

C cour Identify whether the situations described in the following table are examples of uneven cash flows or annuity payments: Uneven Cash Flows Annuity Payments Description You recently moved to a new apartment and signed a contract to pay monthly rent to your landlord for a year. SOE Corp. hires an average of 10 people every year and matches the contribution of each employee toward his or her retirement fund Franklinia Venture Capital (FVC) invested in.a budding entrepreneur's restaurant. The restaurant owner promises to pay FVC 10% of the profit each month for the next 10 years. You have committed to deposit $600 in a fixed interest-bearing account every quarter for four years Session Timeout 59:16 Type here to le@e

Explanation / Answer

[an annuity is a series of equal payment at equal interval

1 Annuity payment   [since equal rent is paid at equal interval that is monthly 2 Uneven cash flow   [since the number of employee varies every year and so as contribution ] 3 uneven cash flow   [since profit may vary every month] 4 Annuity payment   [deposit equal amount at equal interval

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