Above, traders are pricing in a discount to fair value of 2 points (FV - S&P Future), which implies a lower opening for the cash index of 2. In this particular case it is +2 points. I know ...
Here's what you need to know about calculating the present value (PV) or future value (FV) of an annuity. Annuities, in this sense of the word, break down into two basic types: ordinary annuities ...