What is a series of equal payments to be received at the end of each period, for a finite period of time, called?
A) A perpetuity
B) An annuity due
C) A cash cow
D) An ordinary annuity

Question

Quizplus · Accepted Answer

An ordinary annuity is a series of equal payments to be received at the end of each period, for a finite period of time. A perpetuity is a series of equal payments that continue forever. An annuity due is similar to an ordinary annuity, but the payments are made at the beginning of each period instead of the end. "Cash cow" is not a financial term.

What Is a Series of Equal Payments to Be Received