Assuming equal time intervals between the payments and a constant rate of return, which of the following cash flow patterns represents an annuity? Year 1 Year 2 Year 3 Year 4 Year 5 Year 6A)$1060? $1060? $1060? $1060? $1060? $1060? B)$590? $0? $590? $590? $590? $0? C)$130? $230? $330? $430? $530? $630?
A. A
B. B
C. C
D. Any of the answers can represent an annuity.
Answer: A
Business
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