Chapter 5

8 Questions  I  By Bbbanks on March 1, 2012
Words for Chapter 5

  
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1.  The interest rate per priod mulitplier by the number of periods in a year is called the
A.
B.
C.
D.
2.  The difference between an ordinary annuity and an annuity due is the
A.
B.
C.
3.  Which one of  the following is an annuity, but not a perpetuity
A.
B.
C.
4.  Payments of $100 a month for 24 month are defined as an
A.
B.
C.
D.
5.  A series of equal cash flows that occur at the beginning of each time period for a limited number of time periods is called an
A.
B.
C.
D.
6.  Which one of the following statement concerning annuities is correct
A.
B.
C.
7.  Which one of the following is a perpetuity
A.
B.
C.
8.  A series of unending cash flows of equal amount that occur at equal intervals of time is called an
A.
B.
C.
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