Sagot :
Answer:
Annuity due is an annuity whose payment is due immediately at the beginning of each period. Annuity due can be contrasted with an ordinary annuity where payments are made at the end of each period.
Explanation:
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Answer:
what do you call each payment in an annuity?
payment annuity can be classified by two and these are:
immediate annuity-paying out immediately.
deferred annuity- starts at predetermined date in the future.
series of payment can be an annuity but not all series of payments are annuities.
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