Michelle is buying a car and will finance it with a loan that requires monthly payments of $365 for the next four years. Her payments can be described by which one of the following terms? A. Perpetuity B. Annuity C. Consol D. Lump sum E. Present value The Atkins Brothers recently established a trust fund that will provide annual scholarships of $10,000 indefinitely. These annual scholarships are: A. an ordinary B. an annuity due. C. amortized payments. D. a perpetuity E a perpetuity due. Brian pays 1.5 percent per month interest on his credit card account. When his monthly rate is multiplied by 12, the resulting answer is referred to as the: A. annual percentage rate. B. compounded rate. C. effective annual rate. D. perpetual rate. E simple rate. Which one of the following features distinguishes an ordinary annuity from an annuity due? A. Number of equal payments B. Amount of each payment C. Frequency of payments D. Annuity interest rate E. Timing of the annuity payments A registered-form bond is defined as a bond that: A. is a bearer bond. B is held in street name. C. pays coupon payments directly to the owner of record. D. is listed with the Securities Exchange Commission (SEC). E. is unsecured. A call provision grants the bond issuer the: A. right to contact each bondholder to determine if he or she would like to the term of his or her extend bonds. B option to exchange the bonds for equity securities. C. right to extend the bond's maturity date. D. right to repurchase the bonds on the open market prior to maturity. E. option of repurchasing the bonds prior to maturity at a prespecified price