Posted by April on Saturday, August 3, 2013 at 9:47pm.
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.
Answer This Question
Related Questions
 finance  Q.1.Differentiate future value from present value and explain how ...
 math  find the present value of ordinary annuity payments of 890 each year for ...
 algebra  Suppose a retiree wants to buy an ordinary annuity that pays her $2,...
 FIN200 FV, PV and Annuity Due CP  I just want to know if anyone can help me in...
 business math  If Naomi decides that she will invest $3,000 per year in a 6% ...
 MATH  Use the following time value of money tables to answer the following ...
 math  Classify the finacial problem. Assume a 7% interest rate compounded ...
 math  Classify the finacial problem. Assume a 7% interest rate compounded ...
 financial market  Annuity Present Values What is the present value of an ...
 Business Math 205  Calculate the PRESENT VALUE of the following ORDINARY ...
More Related Questions