Calculate the difference in the future value

Reference no: EM13294473

You plan to invest RM2000 a year in one of the Malaysian unit trusts for the next 20 years. You would like to know the effect of investing this money at the beginning of each year rather than waiting until the end of each year. Calculate the difference in the future value of your investment at the end of 20 years as an ordinary annuity versus an annuity due, assuming a 10 percent interest rate.

Reference no: EM13294473

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