(a) Sketch a graph oi a{t) with its extension to present value in the case of simple...
Question:
(a) Sketch a graph oi a{t) with its extension to present value in the case of simple interest,
(b) Explain, both mathematically and verbally, why 1 — it is not the correct present value t years in the past, when simple interest is assumed.
AppendixLO1
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Related Book For
Theory Of Interest And Life Contingencies With Pension Applications A Problem Solving Approach
ISBN: 978-1566983334
3rd Edition
Authors: Asa Michael M. Parmenter, Ph.d.
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