With a(n) __________, equal payments (or receipts) occur at the end of each time period.
A) ordinary annuity
B) loan amortization
C) annuity
D) annuity due

Question

Quizplus · Accepted Answer

An ordinary annuity is a series of equal payments or receipts that occur at the end of each time period. This is the most common type of annuity, and is used in many financial calculations such as loan payments, retirement savings, and bond interest payments. The other options (B, C, and D) all refer to specific variations of annuities that have different timing or payment structures.

With A(n) __________, Equal Payments (Or Receipts) Occur at the End