F. Ernest Jerome
| Annuity due | An annuity in which the periodic payments occur at the beginning of each payment interval.
(See page 480.)
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| Book value of a lease | The present value of the remaining lease payments (discounted at the interest rate on debt financing).
(See page 488.)
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| General annuity due | An annuity in which the payment interval does not equal the compounding interval, and payments occur at the beginning of each payment interval.
(See page 480.)
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| Perpetuity due | An annuity in which the payments are made at the beginning of each payment interval and continue forever.
(See page 480.)
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| Residual value | The amount for which the lessee can purchase a leased vehicle at the end of its lease period.
(See page 495.)
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| Simple annuity due | An annuity in which the payment interval equals the compounding interval, and payments occur at the beginning of each payment interval.
(See page 480.)
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2003 McGraw-Hill Higher Education