Ordinary Annuity Is a Series of Equal Amounts of Cash

question 66

True/False

Ordinary annuity is a series of equal amounts of cash flow happening at equal intervals at the end of a period.

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Definitions:

Categorical Syllogism

A form of deductive reasoning consisting of three parts: a major premise, a minor premise, and a conclusion, each of which is a categorical proposition.

Major Term

In a syllogism, the term that serves as the predicate in the conclusion and is also found in one of the premises.

Minor Term

In a syllogism, the term that is the subject of the conclusion, linking the major and minor premises.

Middle Term

In a syllogism, the term that appears in both premises but not in the conclusion, serving as a link between them.