CFA Practice Question

There are 410 practice questions for this study session.

CFA Practice Question

An annuity is defined as ______.

A. equal cash flows at equal intervals of time forever
B. equal cash flows at equal intervals of time for a specific period
C. unequal cash flows at equal intervals of time forever
Correct Answer: B

User Contributed Comments 2

User Comment
KD101 If it is forever it is called perpetuity
Sitinjak Right on.
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