An Ordinary Annuity Is Best Defined By Which One Of The Following?

(Correct Answer Below)

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An Ordinary Annuity Is Best Defined By Which One Of The Following?

A. increasing payments paid for a definitive period of time B. increasing payments paid forever C. equal payments paid at regular intervals over a stated time period D. equal payments paid at regular intervals of time on an ongoing basis E. unequal payments that occur at set intervals for a limited period of time
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C

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