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in BUS 3024S - Contingencies by (1.7k points)

Is the annuity supposed to be in arrear and not advanced? Or am I missing something. 

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1 Answer

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by (2.9k points)
No, I think you are correct. This is meant to be an annuity in arrears (as the 1000 is paid at the end of the year provided the person survives).