Ordinary or due

Exercise and reference answers

Upper category

Ordinary

Lower category

Due

Items

1. Category

   Ordinary

   Item

   Pay later

2. Category

   Ordinary

   Item

   Year 1 gap

3. Category

   Ordinary

   Item

   Smaller PV

4. Category

   Ordinary

   Item

   Waits once

5. Category

   Due

   Item

   Pay today

6. Category

   Due

   Item

   Starts now

7. Category

   Due

   Item

   Bigger PV

8. Category

   Due

   Item

   Times 1+i

Instructions

Send each clue to the ordinary track or the annuity due track.

Explanation