reading 38: Risk management/Private Wealth: the Schmitt family (

CFA Level III Portfolio Management
#23

Texas BA II:
BGN Mode

I/Y = 1
PMT = 30000
N = 53
FV = 0
[CPT] PV = -1241825.83

\frac{1,241,825.83}{1.01^{20}} = 1,017,731.49

#24

anyone got 798k human capital for Paul @age 45 on page 340???

#25

If for needs method we need to use the BGN mode, then in the exhibit 6, the PV of HC for both is calculated using end mode. I am confused when to use BGN and end mode?