Which of the following is a series of constant cash flows that occur at the end of each period for some fixed number of periods?

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Academy of PakistanTest & Learning

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187FinanceMedium

AAnnuity due

BNone of the given options

CPerpetuity

DOrdinary annuity

Correct answer

D. Ordinary annuity

Explanation

Ordinary annuity is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.

Which of the following is a series of constant cash flows that occur at the end of each period for some fixed number of periods? - Answer and Explanation | Academy of Pakistan