Question
Which one of the following is an example of a perpetuity? Trust income of $1,200 a year forever Retirement pay of $2,200 a month for
Which one of the following is an example of a perpetuity?
Trust income of $1,200 a year forever | ||
Retirement pay of $2,200 a month for 20 years | ||
Lottery winnings of $1,000 a month for life | ||
Car payment of $260 a month for 60 months | ||
Apartment rent payment of $800 a month for one year |
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
