Payments if made at end of each period such as end of year is classified as __________________.

ordinary annuity

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deferred annuity

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annuity due

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Both A and B

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Solution

The correct option is D Both A and B
Payments if made at end of each period such as end of year is classified as ordinary annuity and deferred annuity.

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Payments if made at end of each period such as end of year is classified as __________________.

The correct option is D Both A and BPayments if made at end of each period such as end of year is classified as ordinary annuity and deferred annuity.

The correct option is D Both A and B
Payments if made at end of each period such as end of year is classified as ordinary annuity and deferred annuity.