Annuity due
Annuity due in an annuity with payments occurring at the beginning of each period.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Annuity due. An annuity with payments occurring at the beginning of each period.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Annuity due. An annuity whose payments occur at the beginning of each period.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
