When payments take place at the beginning of each period, the series of cash flows is called a(n) ________.
A) ordinary annuity
B) annuity due
C) posterior annuity
D) anterior annuity

Name: When payments take place at the beginning of each period, the series of cash flows is called a(n) ________. A) ordinary annuity B) annuity due C) posterior annuity D) anterior annuity
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Question

Quizplus · Accepted Answer

An annuity due is a series of cash flows that take place at the beginning of each period.

When Payments Take Place at the Beginning of Each Period