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An annuity is defined as a series of payments of a fixed amount for a specific number of periods. Thus, $100 a yr for 10
An annuity is defined as a series of payments of a fixed amount for a specific number of periods. Thus, $100 a yr for 10 yrs is an annuity but $100 in Yr 1, $200 in Year 2 and $400 in Years 3 through 10 does not constitute an annuity. However the entire series does contain an annuity. Is this statement true or false
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