What is the difference between an ordinary annuity and an annuity due? Give examples of each.

Question:

What is the difference between an ordinary and an due? Give examples of each.

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,...