A Series of Equal Periodic Payments That Starts More Than

question 62

Multiple Choice

A series of equal periodic payments that starts more than one period after the agreement is called:

• A) An annuity due.
• B) An ordinary annuity.
• C) A future annuity.
• D) A deferred annuity.

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Definitions:

Own Ends

Pursuit of one's personal goals or objectives, typically without regard to the means by which they are achieved.

Motivated

Having a strong desire to do or achieve something.

Right Thing

The morally good or correct course of action in a given situation.