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Basic Concepts of Financial Mathematics — Applied Maths STD 11 Science — Question

CBSE BoardEnglish MediumSTD 11 ScienceApplied MathsBasic Concepts of Financial Mathematics2 Marks
Question
What is the difference between annuity regular and annuity due?
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Answer

Each payment of an ordinary (regular) annuity belongs to the payment period preceding its date, while the payment of an annuity-due refers to a payment period following its date.

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