Endowment fund providing equal annual payments from accrued earnings ﬁt the deﬁnition of a
perpetuity.

Name: Endowment fund providing equal annual payments from accrued earnings ﬁt the deﬁnition of a perpetuity.
Brand: Quizplus
Rating: 4.9 (45 reviews)

Question

Quizplus · Accepted Answer

A perpetuity is a type of investment that provides a fixed payment every year, indefinitely. An endowment fund that provides equal annual payments from accrued earnings fits this definition, as the payments will continue to be made on a yearly basis without a predetermined end date.

Endowment Fund Providing Equal Annual Payments from Accrued Earnings ﬁT