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Financial Planner

Category - General Principles of Financial Planning

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Which of the following is an example of an annuity due?

Lease payments
Quarterly dividends from a company
Partnership distributions
Interest payments from bond issuers

Explanation

Answer: A - An annuity due is paid at the beginning of each period, where an ordinary annuity is paid at the end of each period. A lease or rental payment is an annuity due because it is paid at the beginning of each time period (usually monthly).

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