Hello, for question 4 we know it is a constant, in arrears, immediate and temporal annuity. As you can see in the second picture, I calculated it wrong because of the formula. However, in our formula sheet, the formula for this type of annuity is given as V0 = C ((1+I)^N -1) / I (1+I)^N. As you can see in the first picture (solution to problem 4) they used V0 = C ((1+I)^N -1)/ I. Can somebody explain why we use the second formula and not the one given in the formula sheet?

4. You plan on depositing 1,500 into a fund at the end of every year for the next 10 years. What will your investment be worth at the end of those 10 years if the fund offers a compound interest rate of 6% per year? 0 1 2 9 10 1,500 1,500 1,500 1,500 2V10? Annuity: constant, in arrears, immediate and temporal. N (1+1) - 1 V10 = 0 (1.06)10 - 1 1,500 = 19,771.19 1 0.06 (1+75) Syeers 0 N- (1+1) - 1 I (14.09 (10) Co=29 669.016 JU 3, 2 = +g (147) "playca years UJ 4. CARIT : Vo = c. (1+1) - 1 X Voc. IX (1+ EN (7+.00)" = 1500 -06*(1+.06)" Vo - 11040.131 5, CARIT i Vo=c (141) 1 I X (1+1)" 100'000 = ( (14.03)*** .09X(14.03)