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  • 11.1: Fundamentals of Annuities
    https://math.libretexts.org/Bookshelves/Applied_Mathematics/Business_Math_(Olivier)/11%3A_Compound_Interest_Annuities/11.01%3A__Fundamentals_of_Annuities
    The car lease required the first payment up front (at the beginning of the month), while the mortgage and mattress purchase had the first payment due a month after the purchase (at the end of the mont...The car lease required the first payment up front (at the beginning of the month), while the mortgage and mattress purchase had the first payment due a month after the purchase (at the end of the month).

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