Question: Problem 3 At an annual effective interest rate i it is known that: ( i ) The present value of 3 at the end of
Problem At an annual effective interest rate i it is known that:
i The present value of at the end of each year for n years, plus an additional at the end of each of
the first n years, is
ii The present value of an nyear deferred annuityimmediate paying per year for n years is
Find i
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