Which of the following comparison statements is true?
A) An annuity has equal payments, a perpetuity does not.
B) Both an annuity and a perpetuity have payments with equal values.
C) An annuity covers a longer period of time than a perpetuity.
D) An annuity has a constant rate of return, a perpetuity does not.
E) An annuity has a different rate than a perpetuity.
Correct Answer:
Verified
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