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What is Understanding General Annuities about?

This document discusses ordinary general annuities. It defines an ordinary general annuity as having payments made at the end of unequal payment and compounding intervals, with the first payment after the beginning and last at the end. The document provides examples of monthly car installments with annual interest and semi-annual debt payments with monthly interest. It presents the formulas for finding the future value and present value of ordinary general annuities, which are the same as simple annuities b

Author

Colleen Mae San Diego

Language

EN