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You bought a new sofa, which you will pay in equal instalments monthly for 3 years, starting right away, today. This is an example of

You bought a new sofa, which you will pay in equal instalments monthly for 3 years, starting right away, today. This is an example of a(n)

Annuity due

Ordinary perpetuity

Growing annuity

Growing perpetuity

Ordinary annuity

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