A Series of Equal Periodic Payments That Starts More Than

question 62

Multiple Choice

A series of equal periodic payments that starts more than one period after the agreement is called:

• A) An annuity due.
• B) An ordinary annuity.
• C) A future annuity.
• D) A deferred annuity.

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Definitions:

Treaties

Formal agreements between two or more sovereign states, outlining the terms of the agreement and governed by international law.

Statutory Law

The body of written laws enacted by the legislature.

International Law

The law that governs relations among nations. International customs and treaties are generally considered to be two of the most important sources of international law.

Controlling Authority

The legal principle or precedent that must be followed by a court within its jurisdiction.