Annuity for infinite period is called growing perpetuity

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1. A growing annuity for an infinite period is called a growing perpetuity. true/false

2. When constant cash flows are recieved or paid at the end of each period for a length of time, we have an annuity due. true/false

3. The effective annual interest rate (EAR) is the interest rate actually paid (or earned) after accounting for compounding. true/false

Reference no: EM131447058

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