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Describe the Doctrine of Preemption.
Ordinary Annuity
Like payments executed after every period close throughout an agreed length.
Periodic Payment
Recurrent payments made at regular intervals over a period of time, such as monthly mortgage or rent payments.
Ordinary Annuity
Regular payments of the same amount made at fixed intervals, where interest is added to the total at the end of each period.
Periodic Payment
Payments that are made regularly at set intervals, such as monthly or annually, often seen in loans and annuities.
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