Q116
_________ is an annuity with an infinite life and continuous annual payments.
A.
APR
B.
Amortized loan
C.
Perpetuity
AnswerD.
Principal
Answer: Option C
Solution
Answer: Option C
Solution:
Perpetuity is an annuity with an infinite life and continuous annual payments. As the name suggests, perpetuity is a bond or security with no fixed maturity date.