Explain why this is an annuity by identifying

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Reference no: EM133327693

Question:

Look for a real-life application of annuities. It may be a loan showing an amortization of payments or an investment showing the sinking fund of deposits. Explain why this is an annuity by identifying if it is a loan or investment, the regular payment or deposit, and the term of the annuity.

Reference no: EM133327693

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