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What are the aspects needed for a series of cash flows to be an annuity? There must be the same frequency or periodicity between all
What are the aspects needed for a series of cash flows to be an annuity?
There must be the same frequency or periodicity between all cash flows.
The cash flows must all be level or of the same amount.
The cash flows must occur for some set amount of time (based on some formula or circumstance), whether that time be finite or infinite.
All of the above
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