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7 years ago
Which of the following most accurately describes an annuity?
A) a series of unequal cash payments made at equal time intervals
B) an investment which produces increasing cash flows over time
C) a stream of equal cash payments made at equal time intervals
D) a term that does not apply to mortgage payable or bond payable
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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