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Question

If the periodic payments are made at the end of each period, the annuity is called:


A
Annuity due
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B
An immediate annuity
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C
Ordinary annuity
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D
(B) or (C)
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Solution

The correct option is C (B) or (C)
If the periodic payments are made at the end of each period, the annuity is called an immediate annuity or ordinary annuity.

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