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 level perpetuity
B)A growing perpetuity
C)An annuity due
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 level perpetuity is a series of equal payments that continue forever, while a growing perpetuity is a series of increasing payments that continue forever. An annuity due is a series of equal payments to be received at the beginning of each period, for a finite period of time.

What Is a Series of Equal Payments to Be Received