Explain the difference between an ordinary annuity and an annuity due, when renting an apartment.

Question:

Explain the difference between an ordinary and an due, when renting an apartment.
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,...