What is a series of equal payments for a finite period of time called?
A)A perpetuity
B)Complex cash flows
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 correct answer. A perpetuity is a series of equal payments that continues indefinitely, while complex cash flows and a lump sum do not fit the definition of a series of equal payments over a finite period of time.

What Is a Series of Equal Payments for a Finite