- CFA Exams
- CFA Level I Exam
- Topic 1. Quantitative Methods
- Learning Module 2. Time Value of Money in Finance
- Subject 2. Fixed Income Instruments and the Time Value of Money
CFA Practice Question
An annuity is defined as ______.
B. equal cash flows at equal intervals of time for a specific period
C. unequal cash flows at equal intervals of time forever
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. |