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    Intermediate Accounting Study Set 4
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    Exam 7: Accounting and the Time Value of Money
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    A Series of Equal Periodic Payments That Starts More Than
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A Series of Equal Periodic Payments That Starts More Than

Question 11

Question 11

Multiple Choice

A series of equal periodic payments that starts more than one period after the agreement is called ________.


A) an ordinary annuity
B) an annuity due
C) a deferred annuity
D) a delayed annuity

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