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    Question

    The series of fixed payments paid or received by a

    persons at specified frequency over a fixed period of time are called: 
    A Instalments Correct Answer Incorrect Answer
    B Annuities Correct Answer Incorrect Answer
    C Maturity payments Correct Answer Incorrect Answer
    D Sinking funds Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Annuity means - a fixed sum of money paid to someone each year, over a fixed period of time.

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