Present value of an annuity of $1 in arrears table
Posted in: Capital budgeting techniques (explanations)
Present value of an annuity of $1 table is used to find the present value of a series or stream of equal cash flows beginning at the end of the current period and continuing into the future.
In the absence of this table, is there any formula that will used to get the factors?
formula is = 1-(1+r)^-n/r
I Thing correct formula is = 1/r[1-1/(1+r)^n]