Ted paid $73,600 to receive $10,000 at the beginning of each year for ten years.This would repay the principal plus 6% interest.What difference does it make whether the contract is treated as an annuity as compared to an original issue discount instrument?

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The Answer of Ted paid $73,600 to receive $10,000 at the beginning of each year for ten years.This would repay the principal plus 6% interest.What difference does it make whether the contract is treated as an annuity as compared to an original issue discount instrument?

Ted Paid $73,600 to Receive $10,000 at the Beginning of Each