Question

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

Answer 1

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.