Ibiza Corporation invested $20,000 for the last four years in an investment that will pay the firm $120,000 at the end of this year. The $120,000 received at the end of this year is an example of a(n) _____.
A. uneven cash flow
B. annuity due
C. ordinary annuity
D. deferred annuity
E. lump-sum amount
Answer: E
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