Answer
An annuity is a sequence of equal payments made at equal time periods.
Work Step by Step
An annuity is a sequence of equal payments made at equal time periods.
Thinking Mathematically (6th Edition)
by Blitzer, Robert F.
Published by
Pearson
ISBN 10:
0321867327
ISBN 13:
978-0-32186-732-2
Chapter 8 - Personal Finance - 8.5 Annuities, Methods of Saving, and Investments - Exercise Set 8.5 - Page 538: 37
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