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Your uncle's establishes a trust fund that will pay you $20,000 every year for the rest of your life. The trust fund earns 6 percent

Your uncle's establishes a trust fund that will pay you $20,000 every year for the rest of your life. The trust fund earns 6 percent interest, and the first payment is due today. This arrangement is an example of which of the following?

Multiple Choice

Ordinary Annuity

Annuity Due

Perpetuity

None of the above.

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