Compare the results of the present value of a $6,000 ordinary annuity at 10 percent interest for ten years with the present value of a $6,000 annuity due at 10 percent interest for eleven years. Explain the difference.
Math - Reiny, Saturday, August 3, 2013 at 10:34pm
To continue giving you solutions for these rather routine compound interest questions without any acknowledgement on your part that you are even learning anything from it, really serves no purpose.
I had asked you to show some effort on your part, but go no reply.
I had also explained to you in an earlier post how an "annuity due" differs from an "ordinary annuity".
Apply those concepts to each of the two parts of the above question.