You are trying to decide between putting $3000 or $4000 annually for the next 20 years into
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You are trying to decide between putting $3000 or $4000 annually for the next 20 years into an investment yielding 7%. What is the difference in the value of investing the extra $1000 for 20 years (ordinary annuity)? What is the future value if the payment is deposited at the beginning of each year (annuity due)?
Related Book For
Introduction To Corporate Finance
ISBN: 9781118300763
3rd Edition
Authors: Laurence Booth, Sean Cleary
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