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.
Answer: B
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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