A(n) ________ is an annuity with an infinite life making continual annual payments.
A) amortized loan
B) principal
C) perpetuity
D) APR

Question

Quizplus · Accepted Answer

A perpetuity is an annuity that makes continuous payments forever, and thus has no maturity date. It is a type of investment that pays a fixed sum of money at regular intervals, typically annually, but does not have a set end date.

A(n) ________ Is an Annuity with an Infinite Life Making