An ordinary annuity and an annuity due have the same future value, n, and i Which annuity has the larger payment Give the reason for your answer ...

If PMT n and i are the same for an ord ...

An ordinary annuity and an annuity due have the same future value, n, and i. Which annuity

Question:

An ordinary and an due have the same future value, n, and i. Which has the larger payment? Give the reason for your answer.
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,...