Define annuity due

QuestionsCategory: EducationDefine annuity due
1 Answers
Zubair answered 4 months ago
An overdue annuity is an annuity that expires immediately at the beginning of each period. An overdue annuity can be contrasted with an ordinary annuity, where payments are made at the end of each period. A common example of an annuity payment owed is rent paid at the beginning of each month.


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