What is an annuity?
A)a series of payments that changes by the same proportion from one period to the next
B)a series of equal payments over a sequence of equal periods
C)a series of payments that changes by a constant amount from one period to the next
D)a single payment
E)present worth of a series of equal payments

Question

Quizplus · Accepted Answer

An annuity is defined as a series of equal payments made at regular intervals over a specified period of time.

What Is an Annuity