Difference between revisions of "Ordinary annuity"
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According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]], | According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]], | ||
:[[Ordinary annuity]] ([[deferred annuity]]). An annuity with a fixed number of equal payments occurring at the end of each period. | :[[Ordinary annuity]] ([[deferred annuity]]). An annuity with a fixed number of equal payments occurring at the end of each period. | ||
| + | According to [[Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition)]], | ||
| + | :[[Ordinary annuity]] ([[differed annuity]]). An annuity whose payments occur at the end of each period. | ||
==Related concepts== | ==Related concepts== | ||
Latest revision as of 22:08, 1 November 2019
Ordinary annuity (alternatively known as deferred annuity) is an annuity with a fixed number of equal payments occurring at the end of each period.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Ordinary annuity (deferred annuity). An annuity with a fixed number of equal payments occurring at the end of each period.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Ordinary annuity (differed annuity). An annuity whose payments occur at the end of each period.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
