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Date Posted: 15:57:54 10/19/00 Thu
Author: Charles Hodges
Subject: Re: TVM Problem 19
In reply to: Pam 's message, "TVM Problem 19" on 08:04:43 10/19/00 Thu

You are correct, about the error in the problem, not the density. The last payment will be made at the end of year 20, not year 10.


> For problem 19 in the TVM problem set for Monday 7:15
> class, it says, "... The first payment will be
> received at the end of year 1, and the last payment
> will be received at te end of year 10."
>
> Since it's a 20 year annuity, shouldn't that read
> "last payment received at end of year 20"? Or am I
> being denser than usual?

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