the value can be arbitary because it will be on both the numerator and denominator at the end so it will cancel out

that the (6) Show that the value at time 1 of 1 payable at times 7,10,13,16,..., 40 is 239.-3. Use this to establish that the time 2 value of these payments is 439 and that the time 0 value is Sa+077 827 +07 of nanh two vears has the 837 that the (6) Show that the value at time 1 of 1 payable at times 7,10,13,16,..., 40 is 239.-3. Use this to establish that the time 2 value of these payments is 439 and that the time 0 value is Sa+077 827 +07 of nanh two vears has the 837