Is a car loan an annuity due?

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2026-07-08 10:00

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A car loan is not typically classified as an annuity due. Instead, it is generally considered an amortizing loan, where payments are made at regular intervals to pay off both the principal and interest over time. An annuity due involves payments made at the beginning of each period, while car loan payments are usually made at the end of each period.

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