A. Bond
B. T-bills
C. Stock
D. Promissory note
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Which is NOT an essential element of an ordinary annuity ?
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What is the type of annuity that does not have a fixed time span but continues indefinitely or forever ?
A. The amounts of all payments are equal.
B. The payments are made at equal interval of time.
C. The first payment is made at the beginning of the first period.
D. Compound interest is paid on all amounts in the annuity.
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What is defined as a financial security note issued by business or corporation and by the government as a means of borrowing long-term fund ?
A. Ordinary annuity
B. Perpetuity
C. Annuity due
D. Deferred annuity
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What is the type of annuity where the first payment does not begin until some later date in the cash flow ?
A. T-bills
B. Securities
C. Bond
D. Bank notes
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What is the type of annuity where the payments are made at the beginning of the each period starting from the first period ?
A. Ordinary annuity
B. Perpetuity
C. Annuity due
D. Deferred annuity
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What refers to the present worth of all the amount the bondholder will receive through his possession of the bond ?
A. Ordinary annuity
B. Perpetuity
C. Annuity due
D. Deferred annuity
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What is the type of annuity where the payments are made at the end of each period starting from the first period ?
A. Par value of bond
B. Face value of bond
C. Redeemed value of bond
D. Value of bond
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What is the term for an annuity with a fixed time span ?
A. Ordinary annuity
B. Perpetuity
C. Annuity due
D. Deferred annuity