An ordinary annuity is an investment that provides multiple receipts of an equal amount at fixed year-end intervals over the investment's duration.

Question

Quizplus · Accepted Answer

An ordinary annuity is indeed an investment that provides multiple receipts of an equal amount at fixed year-end intervals over the investment's duration. This is different from an annuity due, which begins payments at the beginning of each period instead of at the end.

An Ordinary Annuity Is an Investment That Provides Multiple Receipts