What are Annuities Due?
There are two types of annuities, annuities due and ordinary annuities.
An annuity due is a series of payments made at the beginning of each period for a fixed number of periods, normally years. Ordinary annuities are similar to the annuities due except that the payments are made at the end of each period.
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About the Author
Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years in all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a BSc from Loughborough University.