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Dear sir,
-I do have watched your lectures concerning interest, however I am still confused concerning have some confusion.
-when to use the Present Value Table and the annuity table. In wordings,could you re explain?– when you say “equal amount each year” for annuities.
-Every year for a total of 8 receipts. What do you mean by that?
-By the way sir, there is no lectures available for example 9
You use the normal present value tables for individual cash flows. You use the annuity tables when there are a series of equal amounts each year.
“Every year for a total of 8 receipts” means you receive the same amount each year for 8 years!
And no – there is no lecture for example 9. It is not exactly very difficult if you read the notes and the answer is in the lecture notes.
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