An ordinary annuity may be defined as

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Question 1

An annuity in which payments are made at the beginning of each period is a(n)
◦ ordinary annuity.
◦ annuity due.
◦ annuity in arrears.
◦ perpetuity.

Question 2

An ordinary annuity may be defined as
◦ a series of equal payments made at regular intervals that are paid at the beginning of each period.
◦ a series of payments, which may or may not be equal in value, that are received at regular intervals at the end of each period.
◦ a series of equal payments made any time over the course of a year, extending for a period of several years.
◦ any series of payments that occur in the future.
◦ a series of equal payments made at regular intervals that are received at the end of each period.

[bfulkerson77]

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[ec501234]

Thanks for the timely response, appreciate it

[ryhom]

Great answer, keep it coming