This exercise is the same as (What is the present value of 15 payments of $200 each

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This exercise is the same as (What is the present value of 15 payments of $200 each received every 18 months at a discount rate of 9%?) where we used this formula: Present Value = P * [1 - (1+r)^-n] / r. Why can't we use it here as well?

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Intermediate Microeconomics

ISBN: 978-0393123968

9th edition

Authors: Hal R. Varian

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Posted Date: Apr 06, 2024 07:40 PM

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Intermediate Microeconomics

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