An annuity due can use the ordinary annuity formula if the ordinary annuity formula is adjusted: 1.Add one payment to total value 2.Multiply results by 1+i 3.Add two payments to total value 4.Subtract three payments from total value
An annuity due can use the ordinary annuity formula if the ordinary annuity formula is adjusted: 1.Add one payment to total value 2.Multiply results by 1+i 3.Add two payments to total value 4.Subtract three payments from total value
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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