1. What is the primary difference between an ordinary annuity and an annuity due?

a. The timing of the periodic payment.

b. The interest rate.

c. Annuity due only relates to present values.

d. Ordinary annuity only relates to present values.

2. Which of the following is true?

a. Rents occur at the beginning of each period of an ordinary annuity.

b. Rents occur at the end of each period of an annuity due.

c. Rents occur at the beginning of each period of an annuity due.

d. Rents occur at either the beginning or the end of an annuity due.