By definition, what type of annuity best describes payments such as rent and magazine subscriptions (assuming the costs do not change over time)?
A)ordinary annuity
B)annuity due
C)nonconstant annuity
D)annuity in arrears

Question

Quizplus · Accepted Answer

An annuity due involves payments made at the beginning of each period, which is typical for rent and magazine subscriptions.

By Definition, What Type of Annuity Best Describes Payments Such