finance






 

Question by  Shreyansh (236)

What is an "ordinary" annuity?

 
+7

Answer by  RobertB (111)

It is an annuity where you make a set number of payments over a period of time such as 20 years. Then, you make withdrawals over a set period of time such as 10 or 20 years or over the life of the annuitant. Bond coupons are commonly referred to as ordinary annuities.

 
You have 50 words left!