Question: 36. An annuity: A) has a greater value than a comparable perpetuity. B) is a stream of payments that fluctuate with current market interest rates.

36.

An annuity:

A) has a greater value than a comparable perpetuity.

B) is a stream of payments that fluctuate with current market interest rates.

C) has a longer life span than a perpetuity.

D) is a stream of equal payments that occur in equal periods of time for a finite period.

E) is either an equal or an unequal stream of payments that occur in equal time periods for a finite period.

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