Explain What Is Meant by an Ordinary Annuity.
Ad Learn More about How Annuities Work from Fidelity. Explain what is meant by an ordinary annuity. Annuity Due Overview Present And Future Values The sum of all payments plus all interest earned. . Any sequence of equal periodic payments. Payments at the beginning of each rent period. Interest is compounded at the same frequency. Annuity in arrears-Starts at End of Year first pmt due a yr from now. In accounting ordinary annuity refers to a series of identical cash amounts with each amount occurring at the end of eq View the full answer Previous question Next question. An ordinary annuity is a series of regular payments made at the end of each period such as monthly or quarterly. An ordinary annuity is when a payment is made at the end of a period. Any account that is established for accumulating funds to meet future obligations or debts. Explain what is meant by an ordinary annuity. Choo...