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Choose the correct alternative : In an ordinary annuity, payments or receipts occur at - Mathematics and Statistics

MCQ

Choose the correct alternative :

In an ordinary annuity, payments or receipts occur at

Options

  • Beginning of each period

  • End of each period

  • Mid of each period

  • Quarterly basis

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Solution

In an ordinary annuity, payments or receipts occur at End of each period.

Concept: Annuity
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APPEARS IN

Balbharati Mathematics and Statistics 2 (Commerce) 12th Standard HSC Maharashtra State Board
Chapter 2 Insurance and Annuity
Miscellaneous Exercise 2 | Q 1.06 | Page 29
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