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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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