All About Annuities
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(a) What is the difference between an ordinary annuity and an annuity due?
(b) What type of annuity is shown in the following cash flow timeline?
(c) How would you change it to the other type of annuity?
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(a) What is the difference between an ordinary annuity and an annuity due?
Solution:
In the ordinary annuity payment ...
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