A. Ordinary annuity
B. Perpetuity
C. Annuity due
D. Deferred annuity
Correct Answer: Annuity due ✔
Last Updated: January 21, 2019
Related MCQs
- What is the type of annuity where the first payment does not begin until some later date in the cash flow ?
- What is defined as a financial security note issued by business or corporation and by the government as a means of borrowing long-term fund ?
- What is the type of annuity that does not have a fixed time span but continues indefinitely or forever ?
- Which is NOT an essential element of an ordinary annuity ?
- What is defined as the certificate of indebtedness of corporation usually for a period not less than 10 years and guaranteed by a mortgage on certain assets of a corporation ?