Question: this is all that's given in the question (a) Show that the present value M of n equal monthly payments of EP, with the first

this is all that's given in the question

(a) Show that the present value M of n equal monthly payments of EP, with the first payment made in one month's time, is where r is the monthly interest rate. You may use the formula 1 + x + +z"--(1-z")/(1-r), j

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