3、nesBrothersrecentlyestablishedatrustfundthatwillprovideannualscholarshipsof$12,000indefinitely.Theseannualscholarshipscanbestbedescribedbywhichoneofthefollowingterms? A. OrdinaryannuityB. AnnuitydueC. AmortizedpaymentD. PerpetuityE. Continuation 5-111Chapter05-DiscountedCashFlo
4、wValuation4. AperpetuityinCanadaisfrequentlyreferredtoaswhichoneofthefollowing? A. ConsulB. InfinityC. ForevercashD. DowryE. Forevermore 5. Thestatedinterestrateistheinterestrateexpressed: A. asifitwerecompoundedonetimeperyear.B. asthequotedratecompoundedby12periodsperyear.C. i
5、ntermsoftheratechargedperday.D. intermsoftheinterestpaymentmadeeachperiod.E. intermsofaneffectiverate. 6. Annapays1.5percentinterestmonthlyonhercreditcardaccount.Whentheinterestrateonthatdebtisexpressedasifitwerecompoundedonlyannually,theratewouldbereferredtoasthe: A. annualper