In relation to an ordinary annuity paid in any given year,an annuity due is
A)a larger amount.
B)a smaller amount.
C)an equal amount.
D)an unrelated amount.

Question

Quizplus · Accepted Answer

An annuity due is a type of annuity where the payments are made at the beginning of each period instead of at the end, which means that in any given year the payment is made earlier and therefore is a larger amount than in an ordinary annuity where the payment is made at the end of each period.

In Relation to an Ordinary Annuity Paid in Any Given