Asked by JOSHUA MILLER on May 20, 2024
Verified
An annuity stream of cash flow payments is a set of level cash flows occurring each time period for a fixed length of time.
Annuity Stream
A series of fixed payments made at regular intervals, such as monthly or annually, over a specified period or for a lifetime.
- Gain an understanding of the definitions and variances between annuities due and ordinary annuities.
Verified Answer
MM
Madalyn MettsMay 22, 2024
Final Answer :
True
Explanation :
An annuity is indeed a series of equal cash flows distributed at regular intervals over a specified period of time, which fits the description given.
Learning Objectives
- Gain an understanding of the definitions and variances between annuities due and ordinary annuities.