Ordinary annuities have significant definitional difference

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1. What is a CDO and how did this exacerbate the financial crisis of 2007-2008?

2. Why is discounting used when describing PV and compounding used when depicting FV? What is the difference between simple and continuous compounding?

2. What is an annuity? Annuities due and ordinary annuities have a significant definitional difference. What is the difference? What is the difference between a perpetuity and an annuity?

Reference no: EM132047484

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