A family wishes to provide an annuity of $100 at the end of each month to their daughter now entering college. The annuity will be paid for only nine months each year for four years. 求 the present value one month before the first payment.
请问这题怎么理解啊 这里的“一年中的九个月”是什么意思,给女儿的是每年12次吗?
之所以要乘以(1+v+v^2+v^3),是因为前面的 a(12)9/12 求的是一年的,所以for 4 years,就要用一年的这个,分别discount 到time 0,就是discount 到“现在”,因为是annuity immediately,所以“现在”就是题目说的“one month before the first payment”。