An annuity whose payment is to be made immediately, rather than at the end of the period.
Investopedia Says:
An annuity due requires payments to be made at the beginning of the period. For example, in many lease arrangements, the first payment is due immediately and each successive payment must be made at the beginning of the month.
Related Links:
These contracts provide a guaranteed income stream. Learn how they work and their benefits. An Overview Of Annuities
Make sure you understand your options for withdrawing your funds from this complex instrument. Selecting The Payout On Your Annuity
Learn to calculate the present and future value of fixed payments required from you or owed to you. Anything But Ordinary: Calculating The Present And Future Value Of Annuities
Learn how the Canadian government makes saving for your post-work years easy. We take you from your first contribution to your first withdrawal. Registered Retirement Savings Plans (RRSP)
