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SSC Audit Tax Finance P-II QUESTION #6171
Question 1
If an investor receives $1,000 at the end of each year for 10 years, this is classified as a(n):
  • Annuity Due
  • Perpetuity
  • Ordinary Annuity✔️
  • Deferred Perpetuity
Correct Answer Explanation
Lesson 07 defines an Ordinary Annuity as a series of equal payments occurring at the end of each period.