What is a series of equal payments for a finite period of time called?
A) A perpetuity
B) An axiom
C) A lump sum
D) An annuity

Question

Quizplus · Accepted Answer

An annuity is a series of equal payments for a finite period of time, making it the best choice for this question. A perpetuity is a series of equal payments that lasts forever, while an axiom is a statement that is accepted as true without proof. A lump sum refers to a one-time payment or investment.

What Is a Series of Equal Payments for a Finite