Yes and no, the perdisco involves working out the present value with an ordinary annuity and forward dating it, however, they are the same thing and both formulas will simplify to each other.kow_dude said:In the Perdisco e-workbook, their approach to "annuities due" questions differ to the one shown in our textbook.
Really, there's no other way I can put it but to say that you are 100% wrong.The two approaches produce different answers to each other.
I personally find the e-workbook worthy because the questions and feedback are helpful. But i think the questions may not be challenging for the more intelligent students and therefore not worth purchasing.Minai said:I'm doing the equivalent subject at UNSW - Just a question, is that perdisco e-workbook thing any good? I mean, $30 odd bucks - what do you get? extra q's?