What Are Ordinary Annuities?

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   Brandon Roberts

   Owner, The Insurance Pro Blog,

   In finance, ordinary annuity is a reference to the timing of the payment coming from the annuity.  An ordinary annuity pays at the end of the period.  The alternative to this is an annuity due.  In the case of an annuity due, the payment from the annuity occurs at the beginning of the period.

   Answered on August 23, 2013

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