Select the best definition of an annuity-due. An annuity that has matured An annuity whose payments are made at the end of the period An annuity whose payments can be made at any point during the period An annuity whose payments are made at the beginning of the period

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Select the best definition of an annuity-due

Finance Jan 15, 2021

Select the best definition of an annuity-due.

An annuity that has matured
An annuity whose payments are made at the end of the period
An annuity whose payments can be made at any point during the period
An annuity whose payments are made at the beginning of the period

Expert Solution

ORDINARY ANNUITY : Amount received or paid at the end of the period

ANNUITY DUE : Amount received or paid at the beginning of the period

Answer : An annuity whose payments are made at the beginning of the period [Thumbs up please]

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