Which term applies to a set of cash flows that are finite in number and increase in amount at a steady rate?

Question

Quizplus · Accepted Answer

A growing annuity applies to a set of cash flows that are finite in number and increase in amount at a steady rate. A perpetuity is a set of cash flows with no end, while a growing perpetuity increases in amount at a steady rate with no end. An annuity is a set of cash flows that are finite in number and remain the same amount, while a lump sum payment is a single cash flow at one point in time.

Which Term Applies to a Set of Cash Flows That