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Question 1 7 The Jones Brothers recently established a trust fund that will provide annual scholarships of $ 1 2 , 0 0 0 indefinitely

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17

The Jones Brothers recently established a trust fund that will provide annual scholarships of $

12, 000

indefinitely with the first

scholarship one year from today. These annual scholarships are:

an ordinary annuity.

an annuity due.

amortized payments.

a perpetuity.

a perpetuity due.

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