An ordinary annuity is a series of equal periodic payments and an annuity due is a series of unequal periodic payments.

Name: An ordinary annuity is a series of equal periodic payments and an annuity due is a series of unequal periodic payments.
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An ordinary annuity involves equal periodic payments made at the end of each period, while an annuity due involves equal periodic payments made at the beginning of each period.

An Ordinary Annuity Is a Series of Equal Periodic Payments