Q1. Which of these answers best describes an annuity due?

A A series of constant, equal, periodic cash flows extending indefinitely into the future, with the cash flows occurring at the start of each period.

B A series of constant, equal, periodic cash flows extending indefinitely into the future, with the cash flows occurring at the end of each period.

C A series of constant, equal, periodic cash flows extending for a specified time into the future, with the cash flows occurring at the end of each period.

D A series of constant, equal, periodic cash flows extending for a specified time into the future, with the cash flows occurring at the beginning of each period.