Any sequence of equally spaced,level cash flows is called an annuity.An annuity is also known as a perpetuity.

Name: Any sequence of equally spaced,level cash flows is called an annuity.An annuity is also known as a perpetuity.
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An annuity is a sequence of equally spaced, level cash flows for a finite period of time, while a perpetuity is a sequence of equally spaced, level cash flows that continues indefinitely.

Any Sequence of Equally Spaced,level Cash Flows Is Called an Annuity.An