Q308
Payments if it is made at end of each period such as an end of year is classified as
A.
ordinary annuity
B.
deferred annuity
C.
annuity due
D.
Both A and B
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Payments if it is made at end of each period such as an end of year is classified as ordinary annuity and deferred annuity.