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Janis just won a scholarship that will pay her $ 5 0 0 a month, starting today, and continuing for the next 4 8 months.

Janis just won a scholarship that will pay her $

500

a month, starting today, and continuing for the next

48

months. Which one of the following terms best describes these scholarship payments?

.

Consol

.

Ordinary Peretuity

.

Perpetuity due

.

Annuity due

.

Ordinary annuity

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