Exam 2 review · Lesson 14 of 45
Annuities: Ordinary vs Due
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Exam 2 review · Lesson 14 of 45 · 14 min
Annuities: Ordinary vs Due
Value a stream of level payments, solve for the payment or the number of periods, and know when to switch the calculator to BEGIN.
Inside this lesson
- Why this matters
- The core idea
- The formula
- Worked example 1: end vs start of the year
- Worked example 2: monthly saving with money already in the bank
- Your turn
- Calculator steps
- Common mistakes
- Quick check
- Key takeaways
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