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4 Cards in this Set
- Front
- Back
Constant Perpetuity
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A constant periodic payment forever. |
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Constant Annuity
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A constant periodic payment for a fixed term (e.g., a mortgage) |
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Growing Perpetuity
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A periodic payment forever in which the payment amount grows each period by a fixed percentage relative to the previous period. |
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Growing Annuity
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A periodic payment for a fixed term in which the payment amount grows each period by a fixed percentage relative to the previous period. |