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

Question

Quizplus · Accepted Answer

The future amount of an annuity due is determined one period after the last cash flow in the series because the annuity due has payments at the beginning of each period.

The Future Amount of an Annuity Due Is Determined One