Question
using the values below, answer the questions that follow: amount of annuity- 1,500 interest rate- 9% deposit period- 8 years 1. calculate the future value
using the values below, answer the questions that follow:
amount of annuity- 1,500
interest rate- 9%
deposit period- 8 years
1. calculate the future value of the annuity assuming that it is:
a. an ordinary annuity
b. an annuity due
compare your findings in a. & b. all else being identical which type of annuity , ordinary or annuity due is preferable as an investment? why
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International Financial Reporting A Practical Guide
Authors: Alan Melville
6th edition
1292200743, 1292200766, 9781292200767, 978-1292200743
