A series of equal periodic payments in which the first payment is made one compounding period after the date of the contract is ________.
A) an ordinary annuity
B) an annuity due
C) a deferred annuity
D) a compound annuity

Question

Quizplus · Accepted Answer

An ordinary annuity is a series of equal payments made at the end of each period, starting one period after the contract date.

A Series of Equal Periodic Payments in Which the First