When the Payment for an Annuity Is Made at the End

question 27

Multiple Choice

When the payment for an annuity is made at the end of each period, such an annuity is referred to as a(n) _____.

• A) ordinary annuity
• B) annuity due
• C) immediate annuity
• D) deferred annuity
• E) discounted annuity

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Definitions:

Implementation

The process of putting a decision or plan into effect; execution.

Assessment

The evaluation or estimation of the nature, quality, or ability of someone or something.

DRH

Differential reinforcement of high rates of behavior, a technique to increase the frequency of target behaviors by reinforcing them only when they occur at high rates.

DRL

Differential Reinforcement of Low Rates, a behavior modification technique used to encourage low rates of a particular behavior.