A series (such as monthly or annually) of fixed payments is called a(n) __________.
A) annuity
B) lump-sum payment
C) sunk costs
D) capital payment

Name: A series (such as monthly or annually) of fixed payments is called a(n) __________. A) annuity B) lump-sum payment C) sunk costs D) capital payment
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Question

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An annuity is a series of fixed payments made at equal intervals, such as monthly or annually, which fits the description given.

A Series (Such as Monthly or Annually) of Fixed Payments