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Which one of the following best exemplifies a perpetuity?

a) a mortgage of $860 a month for 30 years

b) $2,000 annual payments from a trust fund indefinitely

c) social security payments of $2,500 a month for life student loan payments of $600 a month for three years

d) $250 a month over the life of a lease

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9409614

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