What is a series of equal payments for an infinite period of time called?
A) A perpetuity
B) An axiom
C) A cash cow
D) An annuity

Question

Quizplus · Accepted Answer

A perpetuity is a constant stream of cash flows with no end date, making it an infinite series. This best describes the situation presented in the question. An annuity, on the other hand, has a finite end date for the payments. A cash cow refers to a profitable business, while an axiom is a self-evident truth that does not pertain to financial concepts.

What Is a Series of Equal Payments for an Infinite