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Which of the Following Terms Refers to a Fixed Amount

Question 5

Multiple Choice
Which of the following terms refers to a fixed amount of money paid or received at the beginning of every recurring period (i.e. a series of equal lump sums)?
A) Future value
B) Present value
C) Ordinary annuity
D) Annuity due

Which of the following terms refers to a fixed amount of money paid or received at the beginning of every recurring period (i.e. a series of equal lump sums) ?


A) Future value
B) Present value
C) Ordinary annuity
D) Annuity due

Correct Answer:

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