Question: please show all steps. #14. Answer: S = a(1-q)^T / 1-q #15. Answer: PV = CF/r [1- 1/(1+r)^n] 3 Annuities 14. (10 points) Now, consider

please show all steps.

#14. Answer: S = a(1-q)^T / 1-q

#15. Answer: PV = CF/r [1- 1/(1+r)^n] please show all steps. #14. Answer: S = a(1-q)^T / 1-q

3 Annuities 14. (10 points) Now, consider a geometric series that it is not infinite anymore, such as S = a +axq+a x2 + ax + + ax T-2 + x + where 0 sq

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