Question

Annuities where the payments occur at the end of each time period are called _____, whereas _____ refer to annuity streams with payments occurring at the beginning of each time period.

Answer 1

Ordinary annuities; annuities due level cash flows occurring each time period for a fixed length of time.

Annuities are those where regular stream payments were made.

in the case of an ordinary annuity, payment occurs at the end of each period, where as incase of annuities due payment occur starts immediately.

ordinary annuity

An ordinary annuity is a series of regular payments made at the end of each period, such as monthly or quarterly. In an annuity due, by contrast, payments are made at the beginning of each period.

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