What is an annuity and how do you calculate the future value of an ordinary annuity and an annuity due?

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
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What is an annuity and how do you calculate the future value of an ordinary annuity and an annuity due?

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Annuity due would be considered as payment made in a series or lumpsum at the end of the period and for the purpose of amount considered in the beginning would be considered as the ordinary annuity.

The payment under this specifically considered over the period in an accumulated manner to calculate the periodic payment or the future value through this particular method.

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