Answer:
FV = PV × annuity factor for ordinary annuity
Annuity factor= (((1+r)raise to power n) -1)/r
Where r= discount rate
n= number of years
FV= future value of the ordinary annuity
PV= present value of the ordinary annuity
In an ordinary annuity, cash flows are earned and paid at the end of the each year.
Step-by-step explanation:
i hope it helps
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Answer:
FV = PV × annuity factor for ordinary annuity
Annuity factor= (((1+r)raise to power n) -1)/r
Where r= discount rate
n= number of years
FV= future value of the ordinary annuity
PV= present value of the ordinary annuity
In an ordinary annuity, cash flows are earned and paid at the end of the each year.
Step-by-step explanation:
i hope it helps