Which of the following is not a characteristic of an annuity:Question 2Select one:a.the payments are voluntary b.the payments are annually or more frequently.c.the payments are repetetive.d.the payments are for a specific period.

Which one of the following best defines an annuity? Group of answer choices a series of equal payments occurring at random intervals over a fixed period of time a stream of decreasing payments occurring at regular intervals for a fixed period of time a level stream of payments occurring at equal intervals of time a level stream of payments occurring at random intervals for an infinite period of time a stream of increasing annual dividend payments over an infinite period of time

Which of the following is a characteristic of a savings account?a) Offers a higher interest rate than checking accounts. b) Provides unlimited transactions without fees. c) Allows you to write checks. d) Does not earn any interest.

Which feature is not a characteristic of a company?Question 10Select one:a.limited liability.b.perpetual life.c.legal entity.d.less government regulation than other types of entities.

Which of the following statements regarding perpetuities is FALSE?a.PV of a perpetuity = r/Cb.None of them.c.To find the value of a perpetuity one cash flow at a time would take forever.d.A perpetuity is a stream of equal cash flows that occurs at regular intervals and lasts forever.e.One example of a perpetuity is the British government bond called a consol.

Citing appropriate examples, explain any three types of annuities(3 marks)b) Find the interest rate necessary for shs. 20,000 to accrue to shs. 50,000 in 12years