Which term below is best described as "a stream of equal periodic payments"?

Question

Quizplus · Accepted Answer

An annuity is a stream of equal periodic payments, typically made either monthly or annually. It can be used for retirement savings, mortgages, or any situation where payments need to be made over a period of time. The other options, time value of money and capital budgeting, refer to broader financial concepts, while payback period specifically relates to the amount of time it takes for an investment to recoup its initial cost.

Which Term Below Is Best Described as "A Stream of Equal