The name for a series of equal,annual cash flows that are received at the end of each period is?

Question

Quizplus · Accepted Answer

An ordinary annuity is a series of equal, regular cash flows that are received or paid at the end of each period. An annuity due is a series of cash flows that are received or paid at the beginning of each period. A regular annuity is not a common term used in finance. Ordinary annuity due is not a commonly used term and is essentially the same as an annuity due.

The Name for a Series of Equal,annual Cash Flows That