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
(B) Depreciation by sinking fund method
(C) Discrete compound interest
(D) Cash ratio
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