Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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The regular fixed periodic payments made at each periodic interval indicate annuity payments. The current worth of all the payments to be made is regarded as the annuity's present value and the payment's accumulated worth is regarded as the annuity's future value. The computations of the present and future value of the annuity are based on the money's time value principle.
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