What Is Ordinary Annuity? How Does It Work?

Financen31428 Jul, 2021Other

An ordinary annuity is an annuity where the payment is made at the end of every interval period. For example, the ordinary annuity that is of a monthly interval will make the payments at the end of every month. The payments in an ordinary annuity can be made weekly but most commonly are made monthly, quarterly, semi-annually, and also annually.