Question: What is the difference in PVs between a 6-year annuity due of $1000 and a 6-year ordinary annuity of $1000 if r=6%? PV Ann Due

What is the difference in PVs between a 6-year annuity due of $1000 and a 6-year ordinary annuity of $1000 if r=6%?

PV Ann Due minus PV of Ord Ann = $ .................................................

I solved this using my HP 10bii+ calculator and got 295.0395.

I used the beg/end function and put in the values for the pv of an annuity. I just wanted to double check my answer.

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