We wish to make 6 withdrawals of 1000 each. 1 period Rate = 6% A. Is this an ordinary annuity or annuity due ? B. Find todays dep 2. Same as above, except 1st withdrawl is now a. Ordinary annuity or annuity due B. Find todays dep

We wish to make 6 withdrawals of 1000 each. 1 period Rate = 6% A. Is this an ordinary annuity or annuity due ? B. Find todays dep 2. Same as above, except 1st withdrawl is now a. Ordinary annuity or annuity due B. Find todays dep

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

We wish to make 6 withdrawals of 1000 each.

1 period

Rate = 6%

A. Is this an ordinary annuity or annuity due ?

B. Find todays dep

2. Same as above, except 1st withdrawl is now

a. Ordinary annuity or annuity due

B. Find todays dep

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