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(22 of 25) Annuities represent a special case of compounding or discounting for a series of flows of equal amounts occurring at a regular time

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(22 of 25) Annuities represent a special case of compounding or discounting for a series of flows of equal amounts occurring at a regular time intervals for a specified number of time periods. The annuity flow for an ordinary annuity occurs At the end of each time frame At the beginning of each time frame As an infinite flow As a one-time flow only None of the answers provided is correct

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