A constant amount payable at the end of each year for a specified number of years is:
A) a present value.
B) a future value.
C) a discounted value.
D) an annuity.
E) a net present value.

Name: A constant amount payable at the end of each year for a specified number of years is: A) a present value. B) a future value. C) a discounted value. D) an annuity. E) a net present value.
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Question

Quizplus · Accepted Answer

An annuity is a series of equal payments made at regular intervals over a specified period of time.

A Constant Amount Payable at the End of Each Year