A series of equal payments or receipts made at any interval of time is referred to as which of the following?
A) Cash inflow
B) Cash outflow
C) Annuity
D) Lump sum
E) None of the above

Question

Quizplus · Accepted Answer

An annuity is a series of equal payments or receipts made at any interval of time, such as monthly or annually. Cash inflow and cash outflow refer to specific instances of money coming into or going out of a business, while a lump sum is a one-time payment or receipt. Therefore, C is the best choice as it accurately describes a series of equal payments or receipts.

A Series of Equal Payments or Receipts Made at Any