Ordinary annuities assume that cash flows occur [blank].

Name: Ordinary annuities assume that cash flows occur [blank].
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Ordinary annuities assume that cash flows occur at the end of a period. This means that the first cash flow occurs at the end of the first period, the second cash flow occurs at the end of the second period, and so on. It is the opposite of an annuity due, where cash flows occur at the beginning of a period.

Ordinary Annuities Assume That Cash Flows Occur [Blank]