Question
Calculate the future value of an annuity, with case A being an ordinary annuity and case B being an annuity due. Case Annuity Interest Rate
Calculate the future value of an annuity, with case A being an ordinary annuity and case B being an annuity due.
| Case | Annuity | Interest Rate (%) | Deposit Period (Yrs) | Future Value ($) |
|
| A | 12,000 | 5 | 9 | ||
| B | 3,000 | 9 | 13 |
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Financial Economics
Authors: Zvi Bodie, Robert C Merton, David Cleeton
2nd Edition
0558785751, 9780558785758
