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Which of the Following Types of Annuity Best Describes the Mortgage

Question 47

Multiple Choice

Which of the following types of annuity best describes the mortgage or rent that you have to pay at the beginning of each month?


A) Annuity due
B) Ordinary annuity
C) Deferred annuity
D) Annuity in arrears
E) Immediate annuity

Correct Answer:

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