Annuities Use the information provided to determine whether an annuity exists. A debt of four quarterly payments in the amounts of $100.00, $200.00, $300.00, and $300.00. An annuity exists. An annuity does not exist because it is not continuous. An annuity does not exist because there are unequal payments. An annuity does not exist because it is not periodic. An annuity does not exist because it is not a specified period of time.
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An annuity is a series of equal payments made at regular intervals. Show more…
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