Time Value of Money - Leeds School of Business
For ordinary annuities, the excel formula is = PV(interest rate, number of periods, payment). In this problem, = PV(10%,3,-100), gives a result of 248.96. For the future value, it would be = FV(10%,3,-100), with a result of 331. f. 3. What would the future and present values be if the annuity were an annuity due? ................
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