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04-02-2020
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The Jones Brothers recently established a trust fund that will provide annual scholarships of $12,000 indefinitely. These annual scholarships can best be described by which one of the following terms?A. Ordinary annuityB. Annuity dueC. Amortized paymentD. PerpetuityE. Continuation

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04-02-2020

Answer:

D. Perpetuity

Explanation:

A perpetuity is a type of annuity that continues with no end, and payments continue indefinitely.

The formular for perpetuity is

Present value= Periodic payments/Interest rate

For a example the United Kingdom issued a perpetuity call consols, they were perpetual bonds. Eventually they were redeemed in 2015.

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