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An ordinary annuity is characterised by: a. a series of cash flows that are identical in...

An ordinary annuity is characterised by:

a. a series of cash flows that are identical in amount and occur at the end of consecutive time periods over an infinite period of time.

b. None of the answers are correct.

c. a series of cash flows that grow at a constant rate and occur at the end of consecutive time periods over an infinite period of time.

d. a series of cash flows that are identical in amount and occur at the end of consecutive time periods over a finite period of time.

e. a series of cash flows that are identical in amount and occur at the start of consecutive time periods over a finite period of time.

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jeff jeffy answered 2 years ago
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