I just started with Quant section of Schweser .... want to get done with quant at the earliest...
Irtiza..in the eg u are refering to - the calculation starts with t1 cashflow(when N=5), because theres no cashflow at t=0...else we'd have started at that.
Regardless of when the calculation of the FV is done( t0 or t1), FV should be the same.
Quote:
Originally Posted by irtiza
i had a question regarding quantitative analysis.
on page 19 example of schweser notes book 1, why doesn't the calculation start from t=0 as we are calculating the future value?
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