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This question belongs to Commerce Insurance

Insurance

?

_________ is an annuity with an infinite life and continuous annual payments.

A) APR B) Amortized loan C) Perpetuity D) Principal

Answer & Solution

Correct Answer: Option C

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.

Question posted by Examveda

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