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Ordinary Perpetuity
A perpetuity in which the payments are at the end of each payment interval.
Ordinary Annuity
A sequence of equal payments made at equal intervals of time, with the first payment occurring at the end of the period.
Compounded Quarterly
Interest calculation method where the interest is added to the principal amount every quarter, causing the interest to be calculated on the new total.
Deferred Annuity
An insurance contract in which payment of annuities is delayed to a future date.
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