An annuity due differs from an ordinary annuity in that the payments occur at the beginning of the period instead of at the end of the period

Indicate whether the statement is true or false.

Answer: TRUE

Business

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If the purchaser is paying a substantial amount of earnest money, and particularly if the closing is several months later, it would be practical to place the funds in a interest bearing account. It is permissible to do so as long:

A. All parties having an interest in the fund agree to this procedure in writing. B. The interest is paid to the seller at closing. C. The funds do not exceed $10,000. D. The broker has given you written permission.

Business

Maintaining the organization's financial records is a central purpose of which main business function?

A) manufacturing and accounting B) finance and accounting C) sales and manufacturing D) finance and sales E) human resources

Business