An annuity with periodic payments made at the end of each payment period is called:
A) ordinary
B) simple
C) annuity due
D) general
E) none of the above

Question

Quizplus · Accepted Answer

An annuity with periodic payments made at the end of each payment period is called an ordinary annuity. An annuity due is the type of annuity with payments made at the beginning of each payment period. Simple and general are not terms used to describe types of annuities.

An Annuity with Periodic Payments Made at the End of Each