The future amount of an annuity due is determined _____. one period after the la

Question

The future amount of an annuity due is determined _____.

one period after the last cash payment in the series

one period before the last cash payment in the series

at the same time as the first cash payment in the series

at the same time as the last cash payment in the series

one period after the last cash payment in the series

one period before the last cash payment in the series

at the same time as the first cash payment in the series

at the same time as the last cash payment in the series

Explanation / Answer

Dear student...Thank you for using chegg.... Correct answer is

one period after the last cash payment in the series

Since annuity due is received at beginning of period and future value is computed till the end of the period

one period after the last cash payment in the series

Since annuity due is received at beginning of period and future value is computed till the end of the period

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