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Basic Concepts of Financial Mathematics — Applied Maths STD 11 Science — Question

CBSE BoardEnglish MediumSTD 11 ScienceApplied MathsBasic Concepts of Financial Mathematics1 Mark
Question
An annuity due is an annuity where the payments occurs at _______________ .
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Answer

the beginning of the year, because
In an annuity when first payment or receipt is made today it is called annuity due or annuity immediate.

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