PRC-2 · Chapter 4 · Question 42 of 60
In an 'Annuity Due', when are the periodic payments made?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) At the beginning of each period.
Explanation
An ordinary annuity has payments at the end of the period. An 'Annuity Due' requires payment at the very start of each period (common for rent or insurance premiums).
More Linear Programming MCQs
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