Hi i have another quick problem on the ASM problem on annuities
deposits of 1000 are placed into a fund at the beginning of each year for 30 years. At the end of the 40th year, annual payments commence and continue forever.
So if i draw the time line. 1000 is deposit on t=0 to t=29 which yields 30 years. then wouldnt i find the future value of that value from t=30 to t=40? which makes n=11? but the answer shows that they find the future value for n=9.
Thank you very much!