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Seneca College *

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440

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Finance

Date

Nov 24, 2024

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pdf

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2

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11/20/23, 7:39 AM Chapter 8 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4684823&cmid=1260535&page=7 1/2 English (en) English (en) Français - Canada (fr_ca) Dashboard / My courses / [Seneca 09/2023] HTM440NHA - Nardi / CHAPTER 8 - Capital Budgeting and Investment Decisions / Chapter 8 Quiz Question 8 Not answered Marked out of 1.00 What is an annuity? Select one: a. A technique that measures the length of time it takes a business to recover an initial outlay in an investment b. It is the current worth of the future sum of money, given a specified time period and interest rate c. A stream of fixed payments that are received or made in a given period of time d. A stream of irregular payments that are received or made in a given period of time Your answer is incorrect. Explanation: An annuity is defined as a stream of fixed payments that are received or made in a given period of time. The correct answer is: A stream of fixed payments that are received or made in a given period of time
11/20/23, 7:39 AM Chapter 8 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4684823&cmid=1260535&page=7 2/2 Français (fr)
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