Multiple Choice
Which of the following payments (receipts) would probably not be considered an annuity due? Based on your knowledge and using logic, think about the timing of the payments.
A) rent payments associated with a five-year lease
B) payments for a magazine subscription for a two-year period where the payments are made annually
C) interest payments associated with a corporate bond that was issued today
D) annual payments associated with lottery winnings that are paid out as an annuity
Correct Answer:

Verified
Correct Answer:
Verified
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