What is the difference between ordinary annuity and annuity


If Ms Hopeful decided to deposit $4,000 each year for the next 20 years into an account which pays a rate of interest of 7% per year. By how much will her accumulated nest egg vary if she makes each of the 20 deposits at the beginning of the year, rather than at the end of each of the next twenty years? What is the difference between ordinary annuity and annuity due?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What is the difference between ordinary annuity and annuity
Reference No:- TGS02317824

Expected delivery within 24 Hours