Question: An annuity is a series of equal payments occuring at equal time intervals, and this amount includes the sum of all payments plus interest, if allowed to accumulate at a definite rate of interest from the time of initial payment to the end of annuity term. Ordinary annuity is used in the calculation of the
[A].manufacturing cost.
depreciation by sinking fund method.
discrete compound interest.
cash ratio.
[A].
[B].
[C].
[D].
Answer: Option B
Explanation:
No answer description available for this question.