=+e. What if the annuity from (c) is one that never ends? (To give the cleanest possible
Question:
=+e. What if the annuity from
(c) is one that never ends? (To give the cleanest possible answer to this, you should recall from your math classes that an infinite series of 1/11 1 x2 1 1/
11 1 x2 2 1 1/11 1 x2 3 1 c5 1/x.) How much would this annuity be worth if the interest rate is 10%?
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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