An annuity due is
A)a series that starts at the end of the first period and increases by constant amount thereafter.
B)a series that starts at the end of the first period and increases by constant percentage thereafter.
C)a series that starts at the end of the first period and remains constant thereafter.
D)a series that starts now and increases by constant amount thereafter.
E)a series that starts now and remains constant thereafter.

Question

Quizplus · Accepted Answer

An annuity due is a series of equal payments made at the beginning of each period, which means the payments start now and remain constant throughout the duration of the annuity.

An Annuity Due Is