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Question 1 1 Janis just won a scholarship that will pay her $ 5 0 0 a month, starting today, and continuing for the next

Question

11

Janis just won a scholarship that will pay her $

500

month, starting today, and continuing for the next

48

months. Which one of the following terms best

describes these scholarship payments?

Ordinary perpetuity

Annuity due

Perpetuity due

Ordinary annuity

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