Which Timing of Payments Is True for an Ordinary Annuity

question 2

Multiple Choice

Which timing of payments is true for an ordinary annuity?

• A) All payments occur at the beginning of the first year.
• B) Payments begin immediately and occur once per year on the last day of each year.
• C) Payments occur at the end of each period.
• D) Payments occur at the beginning of each period.

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Definitions:

Temperature Receptors

Specialized nerve cells that detect changes in temperature and send signals to the brain to help regulate body temperature.

Intense Heat

A condition of extreme high temperature that can affect environments, weather patterns, or physical sensations.

Warm and Cold Receptors

Sensory nerve endings in the skin that respond to temperature changes, with some responding to warmth and others to coolness.

Temperature

A physical quantity expressing hot and cold, measured by a thermometer and determined by measuring the kinetic energy of the particles of an object.