Which one of the following is an annuity but NOT a perpetuity?
A) $300 every two to three weeks for one year
B) a monthly payment of $425 forever
C) payments on the first day of each month in varying amounts for ten months
D) $600 on the last day of each month for two years
E) $400 on the first day of the second,fifth,seventh,and tenth months of each year
Correct Answer:
Verified
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