Question
If your investment pays the same amount at the beginning of each year for a period of 10 years, the cash flow stream is called
If your investment pays the same amount at the beginning of each year for a period of 10 years, the cash flow stream is called
a) an ordinary annuity.
b) an annuity due.
c) a discounted payback method
d) a perpetuity.
e) none of the answers is correct.
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Financial Theory and Corporate Policy
Authors: Thomas E. Copeland, J. Fred Weston, Kuldeep Shastri
4th edition
321127218, 978-0321179548, 321179544, 978-0321127211
