Which of following is correct? You have until 1:14 AM to complete this assignmen

Question

Which of following is correct?

You have until 1:14 AM to complete this assignment Attempt 1/2 for 8 pts. Part 1 Which of the following statements is correct? O The cash flows for an annuity must all be equal, and they must occur at regular intervals, such as every quarter or every year O The cash flows for an annuity due all occur at the ends of the periods. O The cash flows for an ordinary annuity all occur at the beginning of the periods. O A series of unequal cash flows that occur at regular intervals, such as every quarter, is an annuity

Explanation / Answer

Option "1" is correct.

Annuity Due's Cash Flows occur at the beginning of the periods.

Ordinary Annuity's cash flows occur at the end of the periods.

A series of equal cash flows that occur at regular intervals, such as every quarter, is an annuity.

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