$100 a quarter for 10 years fits the definition of an annuity.

Name: $100 a quarter for 10 years fits the definition of an annuity.
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Question

Quizplus · Accepted Answer

An annuity is a series of equal payments made at regular intervals over a specified period. Paying $100 every quarter for 10 years fits this definition, as it involves regular payments (every quarter) of the same amount ($100) over a fixed period (10 years).

$100 a Quarter for 10 Years Fits the Definition of an Annuity