Examlex
If A and B are independent events, which of the following is correct?
Annuity Due
An annuity in which the payments are made at the beginning of each period; contrast with ordinary annuity, where payments are made at the end of the period.
Ordinary Annuity
Uniform payments issued at sequential period endings, over a pre-defined timespan.
Savings Account
A deposit account held at a bank or financial institution that offers interest earnings and the safety of the deposited funds.
Consol
A type of perpetuity.
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