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Which one of the following can be classified as an annuity but not as a perpetuity? Also, explain why the answer is correct. A. Increasing
Which one of the following can be classified as an annuity but not as a perpetuity? Also, explain why the answer is correct.
A. Increasing monthly payments forever
B. Increasing quarterly payments for 6 years
C. Unequal payments each year for 9 years
D. Equal annual payments for life
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