⟩ Define ordinary annuity?
In accounting, an ordinary annuity refers to a series of identical cash amounts with each amount occurring at the end of equal time intervals.
An ordinary annuity is also known as an annuity in arrears.
In accounting, an ordinary annuity refers to a series of identical cash amounts with each amount occurring at the end of equal time intervals.
An ordinary annuity is also known as an annuity in arrears.
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