Why do we terminate the period of deferral one payment interval before the first payment?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:44 AM

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Why do we terminate the period of deferral one payment interval before the first payment?

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The payments form an ordinary annuity when viewed f...View the full answer

Business Mathematics In Canada

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