Calculation of Interest and Annuities
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Ultimately, to calculate the interest rate in an ordinary annuity, the equation is expressed A = P(1 + rt).
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If annuity payments are due at the beginning of the period, the payments are referred to as an annuity due. To calculate the present value interest factor of an annuity due, take the calculation of the present value interest factor and multiply it by (1+r), with "r" being the discount rate.
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