Question: 3 Multiple Choice 1 pointAn annuity is a stream of:either equal or varying cash flows occurring at set intervals of time for a fixed length

3

Multiple Choice

1

pointAn annuity is a stream of:either equal or varying cash flows occurring at set intervals of time for a fixed length of time. increasing cash flows occurring at set intervals of time that go on forever. equal cash flows occurring at equal time periods during a fixed length of time. equal cash flows occurring at equal time periods forever.arbitrary cash flows occurring each time period for no more than

10

years.

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