What's the difference between an ordinary annuity and an annuity due? What type of annuity is shown
Question:
What's the difference between an ordinary annuity and an annuity due? What type of annuity is shown here? How would you change it to the other type ofannuity?
AnnuityAn annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324664553
Concise 6th Edition
Authors: Eugene F. Brigham, Joel F. Houston
Question Posted: