Which timing of payments is true for an ordinary annuity?
A) All payments occur at the beginning of the first year.
B) Payments begin immediately and occur once per year on the last day of each year.
C) Payments occur at the end of each period.
D) Payments occur at the beginning of each period.

Question

Quizplus · Accepted Answer

In an ordinary annuity, payments are made at the end of each period.

Which Timing of Payments Is True for an Ordinary Annuity