A stream of equal cash flows received at set time intervals is called a an

Name: A stream of equal cash flows received at set time intervals is called a an
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Question

Quizplus · Accepted Answer

An annuity is a series of equal cash flows received at regular intervals, such as monthly or annually. It can be either an ordinary annuity where payments are made at the end of each period or an annuity due where payments are made at the beginning of each period. Therefore, option A is the correct answer.

A Stream of Equal Cash Flows Received at Set Time