Ibiza Corporation invested $20.000 for the last four years in an investment that will pay the firm

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Ibiza Corporation invested $20.000 for the last four years in an investment that will pay the firm $120,000 at the end of this year. The $120,000 received at the end of this year is an example of a(n):

a. uneven cash flow

b.ordinary annuity

c. annuity due

d. deferred annuity

Related Book For answer-question

Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Jun 20, 2022 10:52 AM

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Ibiza Corporation invested $20.000 for the last four years in an investment that will pay the firm

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Expert Answer:

As per given details please refer below answer Option d Deferred annuity is correct answer ... View the full answer

Personal Finance

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