Question: An annuity is defined as: Multiple Choice a limited number of equal payments paid in equal time intervals. payments of equal amounts that are paid

An annuity is defined as:

Multiple Choice

  • a limited number of equal payments paid in equal time intervals.

  • payments of equal amounts that are paid irregularly but indefinitely.

  • varying amounts that are paid at even intervals forever.

  • unending equal payments paid at equal time intervals.

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