An annuity can best be described as a set of payments to be received during a pe

Question

An annuity can best be described as

a set of payments to be received during a period of time.

a stream of payments to be received at a common interval over the life of the payments.

an even stream of payments to be received at a common interval over the life of the payments.

the present value of a set of payments to be received during a future period of time.

a set of payments to be received during a period of time.

a stream of payments to be received at a common interval over the life of the payments.

an even stream of payments to be received at a common interval over the life of the payments.

the present value of a set of payments to be received during a future period of time.

Explanation / Answer

the correct choice is

an even stream of payments to be received at a common interval over the life of the payments.

in annuity we recieve even payments and at regular intervals hence the choice

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.