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A series of payments required to accumulate a given amount is known as:

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A series of payments required to accumulate a given amount is known as:

 Options:

A. future value-annuity
B. present value-annuity
C. annuity equalling a future amount
D. annuity equalling a present amount

 

The Correct Answer Is:

  • C. annuity equalling a future amount

 

Conclusion

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