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Business, 25.02.2021 18:20 rileyeddins1010

Which of the following statements about annuities are true? A. The first cash flow of an annuity due is made on the first day of the agreement.
B. The first cash flow of an ordinary annuity is made on the first day of the agreement.
C. The last cash flow of an annuity due is made on the day covered by the agreement.
D. The last cash flow of an ordinary annuity is made on the last day covered by the agreement.

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