_________ is an annuity with an infinite life and continuous annual payments.
A. APR
B. Amortized loan
C. Perpetuity
D. Principal
Answer: Option C
Solution(By Examveda Team)
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.Related Questions on Insurance
Join The Discussion