An approximation in Equation (2.3) has n , P A/r, and in Equation (2.4), has
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An approximation in Equation (2.3) has n → ∞, P → A/r, and in Equation (2.4), has n → ∞, A → Pr. What is the smallest value of n for which this approximation holds? 50 years? 75 years? 100 years?
More years? Test this on a range of values of n, A, P and r, and hence establish the validity of this approximation.
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Related Book For 
Infrastructure Investment An Engineering Perspective
ISBN: 9781466576698
1st Edition
Authors: David G. Carmichael
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