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A firm plans to make investments of $5,000 for the next 10 years, paying the amount at the end of each year. This form of

A firm plans to make investments of $5,000 for the next 10 years, paying the amount at the end of each year. This form of payment represents a(n) _____. Select one: a. lump-sum payment b. uneven cash flow stream c. annuity due d. ordinary annuity e. immediate annuity

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