Question
A friend has saved $40 from the previous year. He wants to save $40 yearly for the following 3 years. You want to invest this
A friend has saved $40 from the previous year. He wants to save $40 yearly for the following 3 years.
You want to invest this into annuity that will pay 3% returns.
Which type of annuity would you prefer if everything remains the same?
A. annuity due?
b. ordinary annuity
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Management And Cost Accounting
Authors: Colin Drury
5th Edition
1861525362, 978-1861525369
