Using the Cool Million (Due) Chart This chart is the annuity due version of the (ordinary annuity) Cool Million chart described in Problem 50 of Exercise 11.1. Go to the Student Edition on this student textbook's OLC. In the navigation bar, select "Chapter 12" in the drop-down box. In the list of resources for Chapter 12, select "Links in Student textbook" and then click on the link named "Cool Million (Due)." Return to Problem 50 in Exercise 11.1 to review the features of the chart. Use the same initial planning assumptions in both the Cool Million chart and the Cool Million (Due) chart. How much sooner will you become a millionaire if your regular savings are invested at the beginning of each month instead of at the end of each month?

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The Answer of Using the Cool Million (Due) Chart This chart is the annuity due version of the (ordinary annuity) Cool Million chart described in Problem 50 of Exercise 11.1. Go to the Student Edition on this student textbook's OLC. In the navigation bar, select "Chapter 12" in the drop-down box. In the list of resources for Chapter 12, select "Links in Student textbook" and then click on the link named "Cool Million (Due)." Return to Problem 50 in Exercise 11.1 to review the features of the chart. Use the same initial planning assumptions in both the Cool Million chart and the Cool Million (Due) chart. How much sooner will you become a millionaire if your regular savings are invested at the beginning of each month instead of at the end of each month?

Using the Cool Million (Due) Chart This Chart Is the Annuity