An Annuity Consists of Payments of $400 at the Beginning

question 107

Multiple Choice

An annuity consists of payments of $400 at the beginning of each month with an annual rate of 7.1 per cent. Is this an ordinary annuity or an annuity due?

• A)ordinary annuity
• B)annuity due

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Definitions:

Hypertension

A chronic medical condition in which the blood pressure in the arteries is persistently elevated, increasing the risk of heart, brain, kidney, and other diseases.

Hypotension

A condition characterized by blood pressure that is below the normal expected for an individual in a given environment.

Cardiac Veins

Veins that drain deoxygenated blood from the myocardium (heart muscle) into the right atrium.

Thymus

A small organ located in the upper chest, vital for the development of the body's immune system, especially in early life.