Answer: A series of equal cash flows that occur at the end of each of the equally spaced intervals. (Days months years)
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Annuity | Definition of Annuity by Merriam-Webster
An ordinary annuity is a series of equal payments made at the end of consecutive periods over a fixed length of time. While the payments in an annuity can be made as frequently as every week in practice ordinary annuity payments are made monthly quarterly semi-annually or annually.
Ordinary Annuity . An annuity with payments that are made at the end rather than at the beginning of a period. For example an ordinary annuity may require payments at the end of the month instead of at the beginning. Many credit cards have ordinary annuity payments while most lease agreements for example do not.
An ordinary annuity is an annuity which makes its payment at the end of each interval period. For example an ordinary annuity with a monthly interval would make its payments at the end of the month. This is different from an annuity …
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