An annuity due is a stream of equal cash flows with each cash flow arriving at the beginning of each period.

Name: An annuity due is a stream of equal cash flows with each cash flow arriving at the beginning of each period.
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An annuity due is a type of annuity where payments occur at the beginning of each period, rather than at the end, as in a regular annuity. Both regular and annuity due involve a stream of equal cash flows, but the timing of the cash flows differs.

An Annuity Due Is a Stream of Equal Cash Flows