Pelican Corporation is planning to invest $12,000 for the next 8 years. It will have to pay the amount at the beginning of each year. This form of payment is known as a(n) _____.?

A. ?immediate annuity
B. ?annuity due
C. ?uneven cash flow stream
D. ?ordinary annuity
E. ?deferred annuity

Answer: B

Business

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