An Ordinary Annuity Is Best Defined As

question 58

Multiple Choice

 An ordinary annuity is best defined as:

• A) increasing payments paid for a definitive period of time.
• B) increasing payments paid forever.
• C) equal payments paid at the end of regular intervals over a stated time period. 
• D) equal payments paid at the beginning of regular intervals for a limited time period.
• E) equal payments that occur at set intervals for an unlimited period of time. 

---

Definitions:

Equilibrium Price

The market price at which the quantity of a good supplied is equal to the quantity demanded, resulting in market equilibrium.

Marginal Cost

The augmentation in total cost triggered by the creation of one further unit of a product or service.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to a state of market equilibrium.

Equilibrium Price

The cost at which the amount of a product that buyers want to purchase matches the amount that sellers are willing to supply, creating equilibrium in the market.