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The term ________ is best described as "a stream of equal installments made at equal time intervals." A) time value of money B) capital budgeting C) annuity D) payback period
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28 votes
28 votes
The term ________ is best described as "a stream of equal installments made at equal time intervals."

A) time value of money
B) capital budgeting
C) annuity
D) payback period

User Fyjham
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1 Answer

18 votes
18 votes

Answer: C

Step-by-step explanation:

When an amount is paid in equal cash payments at equal time intervals then it is known as annuity payments. Annuity payments are usually payment usually made for a defined number of periods. Hence, it is a correct option.

User Anton Daneyko
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