A series of equal payments (e.g., deposit or cost) made a... — Answer & Explanation | PrepBeePakistan

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HomeMCQsChemical Engineering

MEDIUMENGLISHChemical Engineering

A series of equal payments (e.g., deposit or cost) made at equal intervals of time is known as __________________?

Correct answer: C

Explanation

An annuity is the financial term for a series of equal payments made at regular time intervals.

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