An investment that pays $1,000 in a year, $1,500 in two years, and $2,000 in three years can properly be described as an annuity.

Name: An investment that pays $1,000 in a year, $1,500 in two years, and $2,000 in three years can properly be described as an annuity.
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Quizplus · Accepted Answer

An annuity refers to a series of equal payments made at regular intervals. This investment does not have equal payments at regular intervals and therefore cannot be described as an annuity.

An Investment That Pays $1,000 in a Year, $1,500 in Two