An annuity due differs from an ordinary annuity in that the payments occur at the beginning of the period instead of at the end of the period.

Name: An annuity due differs from an ordinary annuity in that the payments occur at the beginning of the period instead of at the end of the period.
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Question

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In an annuity due, payments are made at the beginning of each period, whereas in an ordinary annuity, payments are made at the end of each period.

An Annuity Due Differs from an Ordinary Annuity in That