An Annuity Is Considered

Multiple Choice

An annuity is considered:

A) an ordinary annuity if the payments occur at the beginning of each period.
B) an annuity due if the payments occur at the end of each period.
C) an ordinary annuity if the payments occur at the end of each period
D) an annuity due if the payments occur at the beginning of each period.
E) Both (c) and (d)