If you are investing a stream of equal payments that occur at the beginning of each month,what type of investing is this called?
A)Lump sum
B)Annuity due
C)Discounting
D)Ordinary annuity

Question

Quizplus · Accepted Answer

Annuity due is a type of investment where a stream of equal payments occurs at the beginning of each period (month, quarter, year) instead of at the end. This is different from an ordinary annuity, where payments occur at the end of each period.

If You Are Investing a Stream of Equal Payments That