hosen There are two types of annuity paymentsAn ordinary annuity has the first payment starting at the end of the next period This is sowed with payments such as c An Annuity Due has payments starting immediately. This would be similar to a payment for leasing an asset like an apartment or piece of equipment Below is an example of an annuity due or an ordinary annuity Decide and compute the correct value What is the present value of six payments of $113 made on an apartment Assume the first of the payments occurs immediately before you can move in and the riscontrate is 10%