An Ordinary Annuity May Be Defined As

question 85

Multiple Choice

An ordinary annuity may be defined as:

• A) A series of equal payments made at regular intervals that are paid at the beginning of each period.
• B) A series of payments, which may or may not be equal in value, that are received at regular intervals at the end of each period.
• C) A series of equal payments made any time over the course of a year, extending for a period of several years.
• D) Any series of payments that occur in the future.
• E) A series of equal payments made at regular intervals that are received at the end of each period.