The future amount of an annuity due is determined one period
A)after the last rent in the series
B)before the next rent in the series
C)before the last rent in the series
D)after the next rent in the series

Question

Quizplus · Accepted Answer

The future amount of an annuity due is determined one period after the last rent in the series because payments are made at the beginning of each period, and the final payment has one period to accrue interest.

The Future Amount of an Annuity Due Is Determined One