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:

Percussion Instruments

Instruments that produce sound through being struck, shaken, or scraped, such as drums, cymbals, and xylophones.

Size

A dimension or measurement of an object or area, expressed in terms of length, width, height, volume, or mass.

Water

Water is a transparent, tasteless, odorless, and nearly colorless chemical substance that is the main constituent of Earth's streams, lakes, and oceans, and the fluids of most living organisms.

Level of Formality

The degree to which language, attire, or behavior is formal or informal, often context-dependent.