Question: apters 5 - 7 An annuity due: Multiple Choice is an annuity in which the cash flows occur at the beginning of each period. makes

 apters 5 - 7 An annuity due: Multiple Choice is an

apters 5 - 7 An annuity due: Multiple Choice is an annuity in which the cash flows occur at the beginning of each period. makes the cash flow in the beginning of year 1 look like it's a cash flow of today. moves the cash flow from the end of the year to the beginning, which looks like the end of the previous year. the appropriate tax rate

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