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Assuming equal time intervals between the payments and a constant rate of return, which of the following cash flow patterns represents an annuity? A) B)
Assuming equal time intervals between the payments and a constant rate of return, which of the following cash flow patterns represents an annuity? A) B) C) Year 1 $1,020 $ 530 $ 110 Year 2 $1,020 $ $ 210 Year 3 $1,020 $ 530 $ 310 Year 4 $1,020 $ 530 $ 410 Year 5 $1,020 $ 530 $ 510 Year 6 $1,020 $ 0 $ 610 Multiple Choice 0 0 0 Any of the answers can represent an annuity
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