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  3. Study Set
    Fundamental Accounting Principles
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    Exam 26: Time Value of Money B
  5. Question
    An Ordinary Annuity Refers to a Series of Equal Payments
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An Ordinary Annuity Refers to a Series of Equal Payments

Question 14

Question 14

True/False

An ordinary annuity refers to a series of equal payments made or received at the end of
each period.

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