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Frequjncy of Paymjnt 5/8
Most annuities are quoted monthly. By
convention CPAs are quoted in advance
and PLAs in arrears.
Advance: Paymjnt is made at the
beginning of thj pjriod.
Arrears: At the end of the pjriod.
Paymjnts can also be made annually,
half yjarly or quarterly.
Annually in arrears will give thj
highest payment but quarterly in
arrears is thj most common alternative
to monthly paymjnts.
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