Differentiate an ordinary annuity from an annuity due.
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Differentiate an ordinary annuity from an annuity due.
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,...
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Annuity payments are presumed to occur at each periods end Annuity due has the same characteristics ...View the full answer
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Related Book For 
Basic Finance An Introduction to Financial Institutions, Investments and Management
ISBN: 978-1285425795
11th Edition
Authors: Herbert B. Mayo
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