What is the type of annuity where the payments are made at the end of each period starting from the first period? A. Ordinary annuity B. Perpetuity C. Annuity due D. Deferred annuity

The correct answer is: Ordinary annuity.

An ordinary annuity is a series of equal payments made at the end of each period for a fixed number of periods. The payments are made at the end of each period, so the first payment is made at the end of the first period, the second payment is made at the end of the second period, and so on.

A perpetuity is a series of equal payments made at the end of each period for an infinite number of periods.

An annuity due is a series of equal payments made at the beginning of each period for a fixed number of periods. The payments are made at the beginning of each period, so the first payment is made at the beginning of the first period, the second payment is made at the beginning of the second period, and so on.

A deferred annuity is an annuity in which the payments do not begin until after a certain period of time. The period of time before the payments begin is called the deferment period.

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