Which is NOT an essential element of an ordinary annuity ? – McqOptions

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1.	Which is NOT an essential element of an ordinary annuity ?
A.	The amounts of all payments are equal.
B.	The payments are made at equal interval of time.
C.	The first payment is made at the beginning of the first period.
D.	Compound interest is paid on all amounts in the annuity.
Answer» D. Compound interest is paid on all amounts in the annuity.

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