Which is NOT an essential element of an ordinary annuity? Options: A . &nbspThe amounts of all payments are equal. B . &nbspThe payments are made at equal interval of time. C . &nbspThe first payment is made at the beginning of the first period. D . &nbspCompound interest is paid on all amounts in the annuity.

Which is NOT an essential element of an ordinary annuity?

Question

Which is NOT an essential element of an ordinary annuity?

Options:

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: Option C

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