Question: By using PV ordinary annuity formula. Suppose today is time 0 and you expect to receive n periodic payments of $1, the first being at
By using PV ordinary annuity formula.
Suppose today is time 0 and you expect to receive n periodic payments of $1, the first being at time 1, the next being at time 2, and etc, the last being at time n. The effective interest rate per period is i.
a) Draw a cash flow diagram for the scenario described above.
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