A(n) ______ is an annuity with an infinite life making continual annual payments. Select one: a....
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A(n) ______ is an annuity with an infinite life making continual annual payments. Select one: a. perpetuity O b. amortized loan O C. APR O d. principal A(n) ______ is an annuity with an infinite life making continual annual payments. Select one: a. perpetuity O b. amortized loan O C. APR O d. principal
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ANSWER B Amortized loan An amortized loan requires fixed periodic payments that are applied to both ... View the full answer
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