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An ordinary annuity is best defined by which one of the following? a) Equal payments paid at the end of regular intervals over a stated

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An ordinary annuity is best defined by which one of the following? a) Equal payments paid at the end of regular intervals over a stated time period. b) Equal payments paid at the beginning of regular intervals for a limited time period. c) Equal payments that occur at set intervals for an unlimited period of time. d) Increasing payments paid for a definitive period of time. e) Increasing payments paid forever

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