At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Get quick and reliable solutions to your questions from a community of seasoned experts on our user-friendly platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.
Sagot :
The statement "An annuity is a stream of level, evenly spaced cash flows or cash payments that never ends" is false?
What is an annuity?
An annuity is a stream of level, evenly cash flows or cash payments that is paid to an individual over a definite number of years, in other words, an annuity has a fixed term not that it is paid forever or indefinitely.
However, perpetuity is the stream of evenly spaced cash flows that a beneficiary receives forever, it is similar to annuity, but the difference in the period of payments, the former has a fixed tenure such as 10 years, whereas the latter is never ending.
Find out more about annuities on:brainly.com/question/23891737
#SPJ1
We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.
