Short Cuts
Annuity - An asset that pays a fixed sum each
year for a specified number of years.
( )
+
= × − t
r r r
C
1
1 1
PV of annuity
Short Cuts
Annuity - An asset that pays a fixed sum each
year for a specified number of years.
( )
+
= × − t
r r r
C
1
1 1
PV of annuity