Question

An example of an annuity due would be a.Dinner at a fancy restaurant in which you...

An example of an annuity due would be a.Dinner at a fancy restaurant in which you receive the bill after your meal. b.Lunch at a fast food restaurant in which you pay for your food before you eat it. c.Interest on your savings account, credited at the end of the quarter. d.your paycheck which you receive after working two weeks. e.Your “A” grade which you receive after working hard all semester.

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Correct answer is B.

Lunch at a fast food restaurant in which you pay for your food before you eat it.

Annuity due is an annuity in which payments are made/due at the beginning of each period not at end. It required payments in the beginning of the period. They period can be monthly, quarterly or yearly. In this at Lunch you have to pay for your food before you eat it. Hence it is example of annuity due.

In all other examples payment is to be made at the end or after some period. Hence all other options are incorrect.

Hope it explains!

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1a.An example of an ordinary annuity would be Dinner at McDonald's in which you pay for...
1a.An example of an ordinary annuity would be Dinner at McDonald's in which you pay for your food before you receive it. Your rent, which you pay on the first of the month. Admission to a movie, where you pay before seeing the movie. Your "A" grade which you receive after working hard all semester. None of the above. 1b.The rate that banks are required to use in quoting rates to customers is (by order of Reg CC): The Fisher...
You and a classmate are assigned a project on which you will receive one combined grade....
You and a classmate are assigned a project on which you will receive one combined grade. You each want to receive a good grade, but you also want to avoid hard work. In particular, here is the situation: • If both of you work hard, you both get an A, which gives each of you 40 units of happiness. • If only one of you works hard, you both get a B, which gives each of you 30 units of...
You are considering using Bill Pay to pay your rent, which is $800 a month due...
You are considering using Bill Pay to pay your rent, which is $800 a month due at the beginning of each month starting today. You are going to put a lump sum of money in a savings account today that will cover your rent for a year. If you earn an APR of 2.4% on the account, how much do you have to deposit into the account? $9,476.36 $9,706.31 $9,725.72 $9,375.00 $9,495.31
Business partners Angel, Lucy and Maria, have finally opened their new Miami-based upscale restaurant "Noches", which...
Business partners Angel, Lucy and Maria, have finally opened their new Miami-based upscale restaurant "Noches", which specializes in authentic Latin American cuisine. The business is an instant success. Customers, including celebrities and influencers, travel from all over the country to eat at the restaurant. Each night there is a wait list just to enter the restaurant. They are concerned that they cannot meet the increased demands and have plans to open two more restaurants within two years. In the meantime,...
      MK Restaurant: Branding of Thai-Style Hotpot The restaurant industry is one of the most...
      MK Restaurant: Branding of Thai-Style Hotpot The restaurant industry is one of the most competitive in Thailand. With a large number of players ranging from restaurants in five-star hotels, global fast-food chains to small stalls along the streets and everything in between, the Thais are spoiled for choice. In addition, as the world becomes globalized, consumers are familiar with international dishes and would not hesitate to try new offerings from the other side of the globe. As a...
First, pretend I gave you fifteen dollars to purchase food (in this pretend world there is...
First, pretend I gave you fifteen dollars to purchase food (in this pretend world there is no such thing as taxes). Go to a fast food restaurant, look at the menu, and see how much you can purchase (I am not encouraging you to buy anything and I hope you will not). Your items should include something to eat and something to drink. Make a list of everything you could buy. You must use as much of the money as...
You are a professor at the local University, through which you are insured for health care...
You are a professor at the local University, through which you are insured for health care coverage through the University’s group plan with a Health Maintenance Organization. Your experience so far has been pretty good: you once fractured your clavicle and went to the urgent care clinic owned by the HMO. Your partner, who suffers from rheumatoid arthritis, is seen by her rheumatologist at the HMO’s group practice. Your son, Juanito, was in a car accident last year about 90...
The situation The large healthcare company in which you serve as a manager has recently begun...
The situation The large healthcare company in which you serve as a manager has recently begun an initiative to change the organizational culture. The highest ranking officials have publicly endorsed the idea, stressing the importance of building a new kind of culture based on open communication, cross-functional teamwork, and a renewed sense of shared purpose. Your direct supervisor has also endorsed the initiative, sending out a series of memos and giving a presentation to your team. Your team is generally...
Week 1: Discussion - Case Study Judy* No unread replies.No replies. YOU MUST COMPLETE THIS TO...
Week 1: Discussion - Case Study Judy* No unread replies.No replies. YOU MUST COMPLETE THIS TO PASS THIS CLASS. After carefully reading and studying the content in Chapter 1, read and answer the case study questions and post them to the discussion board. Week 1, Chapter 1 Discussion Case Study- Judy Assignment Instructions: Use critical thinking and apply the information you learned in chapter 6. Answer all the questions completely. Write a well written paragraph to answer each question. Your...
Italian Valley Restaurant Having assessed the changing dietary needs of your town, you are considering investing...
Italian Valley Restaurant Having assessed the changing dietary needs of your town, you are considering investing in a new Italian restaurant which you plan to name Italian Valley. The restaurant will feature live musicians, appetizers, and a stocked bar. You are trying to assess the likely profitability of this business venture. As a new graduate of the UWI your first step is to prepare a complete capital budgeting analysis for the 5 years you plan to operate the restaurant before...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT