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When performing Time Value of Money Annuity calculations, what is the difference between the two annuity types, Ordinary and Annuity Due?

April 26, 2017Annuity money Performing time types value

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When performing Time Value of Money Annuity calculations, what is the difference between the two annuity types, Ordinary and Annuity Due?

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Ordinary Annuity is calculated when the first payment is due at the end of the first payment interval. Annuity Due is calculated when the first payment is due at the beginning of the first payment interval.