Which of the following is NOT an example of ordinary annuity cash flows?
A) Insurance payments due at the start of the period
B) Car loans due at the end of the period
C) Mortgage payments due at the end of the period
D) All of the examples above are ordinary annuity cash flows.
Answer: A
Explanation: A) Insurance payments due at the start of the period are an annuity due.
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A sales associate list a Sutter's house and sells it in 2days. The seller is very appreciative and wishes to give the sales associate a bonus.which statement is correct?
A. The sales associate can receive the bonus if the broker does not object B. The sales associate cannot receive the bonus from the seller C. If the Centerplace is the bonus in escrow the sales associate can receive it D. The sales associate can receive the deposit only if it is paid in cash
The case that involved two ships both of which were named "Peerless" is:
A) Fisher v. Bell. B) Konic International Corp. v. Spokane Computer Services, Inc. C) Lucy v. Zehmer. D) Wilson v. Western National Life Insurance Co. E) Raffles v. Wichelhaus.