Ibiza Corporation invested $20,000 for the last four years in an investment that will pay...
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Finance
Ibiza Corporation invested $20,000 for the last four years in an investment that will pay the firm $120,000 at the end of this year. The $120,000 received at the end of this year is an example of a(n) _____.
b. | ordinary annuity | |
c. | uneven cash flow | |
d. | lump-sum amount | |
e. | annuity due |
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