Question
Which of the following most accurately describes the term annuity? an installment loan with amortizing payments a term life insurance policy an investment which grows
Which of the following most accurately describes the term annuity?
| an installment loan with amortizing payments | ||
| a term life insurance policy | ||
| an investment which grows in value over time | ||
| a stream of equal and consecutive cash flows |
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Financial Accounting Text Only
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
5th Edition
0006575404, 978-0006575405
