Question $2(1\mathrm{.}5$ points$)$

An ordinary annuity may be defined as which of the following?

An ordinary annuity may be defined as which of the following?

A series of payments, which may or may not be equal in value, that are received

at regular intervals at the end of each period

A series of equal payments made any time over the course of a year, extending

for a period of several years.

Any series of payments that occur in the future

A series of equal payments made at regular intervals that are paid at the

beginning of each period.

A series of equal payments made at regular intervals that are received at the end

of each period