All of the following are conditions for an annuity due except ________.
A) the interest rate is constant for each time period
B) payments occur at the end of each time period
C) the time periods between the cash flows are the same length
D) periodic cash flows must be equal in amount

Question

Quizplus · Accepted Answer

An annuity due requires payments to occur at the beginning of each time period, not at the end.

All of the Following Are Conditions for an Annuity Due