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- 2011-7-11
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- 2016-4-19
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Solve it as a regular annuity and then convert it into annuities due
So at end of Y1, Y2, Y3 and Y4 if you put 1000$, the FV = 4779
But 1000 is put in at t=0 instead of t=4
So FV = 4779 * 1.12 = 5353
why is it complicated? |
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