Compare the results of the present value of a $6,000 ordinary annuity at 10 percent interest for

Question:

Compare the results of the present value of a $6,000 ordinary at 10 percent interest for 10 years with the present value of a $6,000 due at 10 percent interest for 11 years. Explain the difference.
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,...