In Class Problem _16

# In Class Problem_16 - 6 OrdinaryAnnuity eachpayment occursat the endofthe periodwhichis the sameas the beqinnino ofthe nextperiod PVAN(Endof 4

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6.) Ordinary Annuity - each payment occurs at the end ofthe period which is the same as the beqinnino ofthe next period. PVAN (End of 4) FVAN (End of I I 14) 15 ccccccc + n=4 n = 10 A m (Beg. nnuity Due each payment occurs at the beqinninq of the is the same as the end of the previous period. PVAND (Beg. of 6) I + 6 FVAND (Beg of 16) of 1) 0 1.) PVAN 30,722.84 i PMT 5.000 2.) FV | PV 20,984.11 1.) n i = 33,795.12 5,000 n=5 20.984.11

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## This note was uploaded on 08/22/2009 for the course FIN 3310 taught by Professor Potts during the Spring '08 term at Baylor.

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In Class Problem_16 - 6 OrdinaryAnnuity eachpayment occursat the endofthe periodwhichis the sameas the beqinnino ofthe nextperiod PVAN(Endof 4

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