Define annuity due. Would an investment be worth more if it were an ordinary annuity or an

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Define annuity due. Would an investment be worth more if it were an ordinary annuity or an annuity due? Explain.

Annuity
An 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,...
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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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