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An annuity refers to a a.principal payment. b.lump sum payment. c.balloon payment. d.series of equal cash receipts at fixed intervals.
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An annuity refers to a a.principal payment. b.lump sum payment. c.balloon payment. d.series of equal cash receipts at fixed intervals.

User Pietrek
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21 votes
The answer is D. The series of equal cash receipts at fixed intervals.
User Fosna
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