Gale Corporation leases the printing equipment it uses. The terms of the lease require the monthly lease payments to be made at the beginning of every month. This is an example of an annuity due.

A) True

B) False

Question

Business

Sam Orozco

5 November, 18:57

Gale Corporation leases the printing equipment it uses. The terms of the lease require the monthly lease payments to be made at the beginning of every month. This is an example of an annuity due.

A) True

B) False

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Answers (1)

Know the Answer?

Jaylee Huber · Answer 1

Answer: True.

Explanation:

The statement in question is correct because an annuity due is a form of payment on a property/equipment that is paid at the beginning of a period (e. g a month/year). Annuity due is paid periodically and is always at the start of a period.

Gale Corporation leases the printing equipment it uses. The terms of the lease require the monthly lease payments to be made at the beginning of every month. This is an example of an annuity due.A) TrueB) False

Gale Corporation leases the printing equipment it uses. The terms of the lease require the monthly lease payments to be made at the beginning of every month. This is an example of an annuity due.

A) True

B) False