Question

An annuity due must have

A) same-length intervals between each payment.

B) periodic payments or receipts of the same amount.

C) compounding of interest once each interval.

D) all of these answer choices are correct.

Answer 1

An annuity due must have same-length intervals between each payment, periodic payments or receipts of the same amount, and compounding of interest once each interval.

Step-by-step explanation:

An annuity due must have same-length intervals between each payment, periodic payments or receipts of the same amount, and compounding of interest once each interval. Therefore, the correct answer is option D) all of these answer choices are correct.