An annuity is a series of consecutive payments of equal amount.
If even ONE of a stream of payments is not the same, we cannot use the "shortcut" of annuity tables and calculations

Question

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The definition of an annuity specifies that all payments must be of equal amount. If even one payment is different, the stream of payments is not considered an annuity, and the calculations and tables for annuities cannot be applied.

An Annuity Is a Series of Consecutive Payments of Equal