Unformatted text preview: = Annuity Payment x ((1i)^n – 1/i) Present Value of Ordinary Annuity = Annuity Payment x (The sum, when “t” goes to 1 to “n”(1/(1+i)^t = Annuity Payment (1(1/(1+i)^n)/i)...
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This note was uploaded on 05/05/2010 for the course ECONMOICS ECON 203 taught by Professor Josephpetry during the Spring '10 term at University of Illinois, Urbana Champaign.
 Spring '10
 JOSEPHPETRY

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