When the Payment for an Annuity Is Made at the End

question 20

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)terminal annuity
• E)discounted annuity

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Definitions:

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