An annuity stream of cash flow payments is a set of:
A) Level cash flows occurring each time period for a fixed length of time.
B) Level cash flows occurring each time period forever.
C) Increasing cash flows occurring each time period for a fixed length of time.
D) Increasing cash flows occurring each time period forever.
E) Arbitrary cash flows occurring each time period for no more than 10 years.
Correct Answer:
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