If you are paid $1,000 at the end of each year for the next five years,what type of cash flow did you receive?
A)uneven cash flow stream
B)an annuity
C)an annuity due
D)a perpetuity

Question

Quizplus · Accepted Answer

An annuity is a cash flow stream with a fixed amount received at regular intervals over a specific period. In this case, the individual is receiving $1,000 at the end of each year for five years, making it a regular and fixed cash flow stream, also known as an annuity.

If You Are Paid $1,000 at the End of Each