An annuity refers to the payment of a series of equal cash flow payments at equal intervals of time.

Name: An annuity refers to the payment of a series of equal cash flow payments at equal intervals of time.
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Annuity refers to a series of equal cash flow payments made at regular intervals of time, such as monthly or yearly. This can be either a fixed or variable amount, and the payments can be made for a fixed period or until the recipient's death.

An Annuity Refers to the Payment of a Series of Equal