Equal cash flows at equal time intervals forever
Equal cash flows at equal time intervals for a specific time period
Lumpy cash flows at equal time intervals forever
Lumpy cash flows at equal time intervals for a specific time period
✅ The correct answer is B.
An ordinary annuity is a series of equal payments made at the end of each period for a fixed period of time.
An ordinary annuity is a series of equal payments made at the end of each period for a fixed period of time.