Level cash flow amounts that occur at the end of each period, starting at the end of the first period, are an annuity due.

Name: Level cash flow amounts that occur at the end of each period, starting at the end of the first period, are an annuity due.
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Question

Quizplus · Accepted Answer

Level cash flow amounts that occur at the end of each period are considered an ordinary annuity, not an annuity due. An annuity due has payments at the beginning of each period.

Level Cash Flow Amounts That Occur at the End of Each