An ordinary annuity may be defined as:
A) A series of equal payments made at regular intervals that are paid at the beginning of each period.
B) A series of payments, which may or may not be equal in value, that are received at regular intervals at the end of each period.
C) A series of equal payments made any time over the course of a year, extending for a period of several years.
D) Any series of payments that occur in the future.
E) A series of equal payments made at regular intervals that are received at the end of each period.
E
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