Question

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

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

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.Maths

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