An even stream of payments over equal time periods where the interest rate is constant is referred to as a(n): a) Post-annuity. Ob) Annuity. c) Pre-annuity. d) Accumulated Annuity due.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 9MC: The process that determines the present value of a single payment or stream of payments to be...
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An even stream of payments over equal time periods where the interest rate is
constant is referred to as a(n):
a) Post-annuity.
Ob) Annuity.
c) Pre-annuity.
d) Accumulated Annuity due.
Transcribed Image Text:An even stream of payments over equal time periods where the interest rate is constant is referred to as a(n): a) Post-annuity. Ob) Annuity. c) Pre-annuity. d) Accumulated Annuity due.
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