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Confused by this questions. Any help is appreciated. Thx! A firm plans to make investments of $5,000 for the next 10 years, paying the amount
Confused by this questions. Any help is appreciated. Thx!
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 cash flow pattern represents a(n) _____.
lump-sum payment
uneven cash flow stream
annuity due
ordinary annuity
immediate annuity
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