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Which of the following cash flow patterns represents of an annuity? Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 A) $
Which of the following cash flow patterns represents of an annuity?
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | |||||||
| A) | $ | 1,240 | $ | 1,240 | $ | 1,240 | $ | 1,240 | $ | 1,240 | $ | 1,240 |
| B) | $ | 860 | $ | 0 | $ | 860 | $ | 860 | $ | 860 | $ | 0 |
| C) | $ | 220 | $ | 320 | $ | 420 | $ | 520 | $ | 620 | $ | 720 |
| A | |
| B | |
| C | |
| Any of the answers can represent an annuity. |
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Construction Guide Accounting And Knowledge Based Audits
Authors: CPA Eric P. Wallace
1st Edition
0808020870, 978-0808020875
