Which of the following is a characteristic of an annuity? a. An equal dollar amount each interest
Question:
Which of the following is a characteristic of an annuity?
a. An equal dollar amount each interest period.
b. Interest periods of equal length.
c. An equal interest rate each interest period.
d. All of the above are characteristics of an annuity.
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The correct answer is d All of the above are characteristics of an annuity An annuity is a financial ...View the full answer
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Related Book For 
Fundamentals Of Financial Accounting
ISBN: 9781265440169
7th Edition
Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby
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