Beginning vs End Pymt payments, seeing, beginning, period

YouCanDoIt

In TVM questions, do they ever specify that the payments were made at the beginning of the time period vs the end of the time period? The CFP exam did this regularly as a way to trip you up, but I'm not seeing it on the QBank questions.

evolsteevol

It wass say annuity due.

__________

"good personality ... or he was known as Lt. Mandingo during his army days."

ishfaque

I've noticed that they clearly state it, but on the QBank exam questions, one said that the payments were made end period, but the answer was clearly a beginning payment. It was no problem as the difference was minimal, just curious if the actual CFA exam would have the difference between the two, and will they try to trick you with them.