Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
Related questions
Question
Ordinary
Inputs: PMT = $1,000
N = 5
I/YR = 15%
PV = $3,352.16
FV= $6,742.38
How would the PV and FV of the above annuity change if it were an annuity due rather than an ordinary annuity?
PV annuity due = ?
Exactly the same adjustment is made to find the FV of the annuity due.
FV annuity due = ?
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