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Annuities
#1
A series of fixed payments over a period of time such as rent or car payments or have received a series of payments over a period of time, such as bond coupons. these are called annuities.

two basic type of annuities 

1. Ordinary Annuity : payments are required at the end of each period. for an illustration, straight bonds usually make coupon payments at the end of every year six months until the bond's maturity  date

2. Annuity Due: payments are required at the beginning of each period. rent is an illustration of annuity due.
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