The ordinary annuity is $111,835 and the annuity due is $114,072.
An immediate payment is required at the start of each period for an annuity to be considered due. Rent is a typical example of an annuity due payment since landlords frequently want payment at the beginning of each month rather than after the tenant has had a full month of use of the apartment. An annuity due calls for payments to be made at the start rather than the end of each annuity term. A person's receipt of annuity due payments is an asset under the law. The person making the annuity payment, meantime, is subject to a legal obligation that calls for recurring payments. Utilizing present value calculations, one can achieve this.
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