Joined: 27 Feb 2010
Online Status: Offline Posts: 103
Posted: 21 Jun 2010 at 13:48 | IP Logged
maggyeileen wrote:
Aaron,
Thanks -your explanation clears some of my confusion, but I am still not fully getting it.
Lets say payment is made or received at the BEGINNING of a period,- (An annuity Due) do I add an extra period when choosing the n period from the tables?For example if I am paying you $200 on January1st of every year starting year 2010 when does period 5 occur- In comparison to an ordinary annuity? I am still a little confused. Thanks for your help.
No, you don't add an extra payment ... they same number of payments just come earlier. N remains the same ... the only difference is the timing.
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Topic: Help Please !!!! Time Value Of Money
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