A series of equal periodic payments that starts more than one period after the agreement is called ________.
A)an ordinary annuity
B)an annuity due
C)a deferred annuity
D)a delayed annuity

Question

Quizplus · Accepted Answer

A deferred annuity is a series of equal periodic payments that starts more than one period after the agreement. An ordinary annuity starts at the end of each period and an annuity due starts at the beginning of each period. A delayed annuity is not a commonly used term in finance.

A Series of Equal Periodic Payments That Starts More Than