Question

6. If the payments of an annuity are all equal and are made over successive

periods of time, then it is ---------.

A) Uniform annuity
B) Immediate annuity
C) Due annuity

D) Annuity​

Answer 1

Answer:

What Is an Ordinary Annuity? An ordinary annuity is a series of equal payments made at the end of consecutive periods over a fixed length of time.

Answer 2

If the payments of an annuity are all equal and are made over successive  

periods of time, then it is

Explanation:

• An ordinary annuity is a series of equal payments made at the end of consecutive periods over a fixed length of time.
• In an annuity due, by contrast, payments are made at the beginning of each period.
• Consistent quarterly stock dividends are one example of an ordinary annuity; monthly rent is an example of an annuity due.