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An annuity due can use the ordinary annuity formula if the ordinary annuity formula is adjusted:

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An annuity due can use the ordinary annuity formula if the ordinary annuity formula is adjusted:

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Add one payment to total value

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Multiply results by 1+i

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Add two payments to total value

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Subtract three payments from total value

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

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More solutions for this book are available here

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