Question

What are the basic conditions that should be satisfied to enable the use of the ordinary annuity formula? 

   What are the basic conditions that should be satisfied to enable the use of the ordinary annuity formula?
Capital Budgeting: Financial Appraisal of Investment Projects
Capital Budgeting: Financial Appraisal of Investment Projects
Don Dayananda,… 1st Edition
Chapter 5, Problem 4 ↓

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The ordinary annuity formula is used to calculate the future value of a series of equal payments made at regular intervals. Therefore, the first step is to determine the amount of each regular payment.  Show more…

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What are the basic conditions that should be satisfied to enable the use of the ordinary annuity formula?
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