An ordinary annuity has cash flows that occur at the ________ of each time period and are ________ in amount.
A) beginning; constant
B) beginning; variable
C) end; constant
D) end; variable

Question

Quizplus · Accepted Answer

An ordinary annuity has cash flows that occur at the end of each time period and are constant in amount. The other options are incorrect as they describe different types of annuities.

An Ordinary Annuity Has Cash Flows That Occur at the ________