________ annuities involve depositing money at the end of the period and allowing it to grow.
A)Discount
B)Ordinary
C)Annuity due
D)Both B and C

Question

Quizplus · Accepted Answer

Ordinary annuities involve depositing money at the end of the period and allowing it to grow. Annuity due involves depositing money at the beginning of the period. Discount annuities are the opposite of ordinary annuities, where the future value is known and the present value needs to be calculated. Therefore, the correct choice is option B.

________ Annuities Involve Depositing Money at the End of the Period