Which one of the following is an example of a perpetuity?
A) Trust income of $1,200 a year forever
B) Retirement pay of $2,200 a month for 20 years
C) Lottery winnings of $1,000 a month for life
D) Car payment of $260 a month for 60 months
E) Apartment rent payment of $800 a month for one year
Correct Answer:
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