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An Ordinary Annuity Is Best Defined by Which One of the Following

Question 18

Multiple Choice

An ordinary annuity is best defined by which one of the following?


A) increasing payments paid for a definitive period of time
B) increasing payments paid forever
C) equal payments paid at regular intervals over a stated time period
D) equal payments paid at regular intervals of time on an ongoing basis
E) unequal payments that occur at set intervals for a limited period of time

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