Which of the following statements is false? A: The difference between an annuity and perpetuity is that an annuity ends after some fixed number of payments. B: Most car loans, mortgages, and some bonds are annuities. C: A growing perpetuity is a cash flow stream that occurs at regular intervals and grows at a constant rate forever. D: An annuity is a stream of N equal cash flow paid at irregular intervals.
Which of the following statements is false? A: The difference between an annuity and perpetuity is that an annuity ends after some fixed number of payments. B: Most car loans, mortgages, and some bonds are annuities. C: A growing perpetuity is a cash flow stream that occurs at regular intervals and grows at a constant rate forever. D: An annuity is a stream of N equal cash flow paid at irregular intervals.
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