Maths of finance qs... (2 Viewers)

[yvonne_710]

I'm not sure where the question indicates that it is an annuity due?

it said in 3 yrs time when u gradute...so after 12*3= 36 months?? its my thought.. i am not sure,

 

[kow_dude]

I'm not sure what you guys are taught, but we call it an annunity due problem over at unsw, which just means payment made at the beginning of the month.

Why are you posting in the usyd forums?? LoL

 

[Eagles]

look at the diagram, you need that one extra compounding because, you did not pay on the day that you complete the fund, instead you paid at the beginning of the 1st year.

 

[Eagles]

Why are you posting in the usyd forums?? LoL

I'm just looking for practice. the more interesting things come when you have different compounding to payment periods.

 

[ToO LaZy ^*]

Oh yes!
im really looking forward to that!!..
[/sarcasm]