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You deposit $100 today into your savings account and you will continue this annual $100 deposit activity for the next 29 years without withdrawing money
You deposit $100 today into your savings account and you will continue this annual $100 deposit activity for the next 29 years without withdrawing money from the account. What do we name this type of cash flows if we want to calculate the total PV of today?
A) Single cash flow.
B) Annuity.
C) Annuity due.
D) Perpetuity.
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