What sets of cash flows fits description of ordinary annuity


Question: Which one of these sets of cash flows fits the description of an ordinary annuity? Multiple choice question. Credit card payments that are paid monthly and equal the amount spent each month Rent on an apartment with the first payment due on the date you move in and subsequent payments due every month thereafter Car payments of $240 a month for four years with the first payment due one month after the loan is obtained Commission earnings that are paid monthly but vary in amount

 

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Accounting Basics: What sets of cash flows fits description of ordinary annuity
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