An annuity stream of cash flow payments is a set of:
A)equal cash flows occurring at equal periods of time over a fixed length of time.
B)equal cash flows occurring each time period forever.
C)either equal or varying cash flows occurring at set intervals of time for a fixed period.
D)increasing cash flows occurring at set intervals of time that go on forever.
E)arbitrary cash flows occurring each time period for no more than 10 years.

Question

Quizplus · Accepted Answer

An annuity is defined as a series of equal cash flows occurring at regular intervals over a specified period of time.

An Annuity Stream of Cash Flow Payments Is a Set