johndonor15 johndonor15
  • 24-01-2021
  • Mathematics
contestada

what is an ordinary annuity?

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joud2swaggy
joud2swaggy joud2swaggy
  • 24-01-2021

Answer:

An ordinary annuity is a series of equal payments made at the end of consecutive periods over a fixed length of time. The opposite of an ordinary annuity is an annuity due, in which payments are made at the beginning of each period.

Step-by-step explanation:

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dashahernandez60
dashahernandez60 dashahernandez60
  • 24-01-2021
An ordinary annuity is a series of equal payments made at the end of consecutive periods over a fixed length of time
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