A flow of unending annual payments that increase by a set percentage each year and occur at regular intervals of time is called a(n):
A)annuity due.
B)growing annuity.
C)growing perpetuity.
D)variable annuity.
E)variable perpetuity.

Name: A flow of unending annual payments that increase by a set percentage each year and occur at regular intervals of time is called a(n): A)annuity due. B)growing annuity. C)growing perpetuity. D)variable annuity. E)variable perpetuity.
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Question

Quizplus · Accepted Answer

The Answer is C

A Flow of Unending Annual Payments That Increase by a Set