Question: Show, using an example, that the present value of an annuity is the difference between the present value of two perpetuities, one starting one year
Show, using an example, that the present value of an annuity is the difference between the present value of two perpetuities, one starting one year from today and the other starting N+1 years from today.
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Present values A dollar today is worth more than a dollar tomorrow Why Future value of 100 after 1 y... View full answer
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