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Ordinary Annuity
An annuity in which payments are made at the end of each period, such as yearly, monthly, or quarterly.
Periodic Payment
Payments made regularly (such as weekly, monthly, or annually) towards loans, mortgages, or annuities.
Ordinary Annuity
Consistently equal monetary transfers at each term's end within a finite interval.
Compounded Quarterly
A method where interest is computed on the original amount as well as on the interest that has been added over prior periods, and this calculation occurs quarterly.
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