Let A{t) be an amount function. For every positive integer n, define / = A(n) A{n).
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Let A{t) be an amount function. For every positive integer n, define /„ = A(n) — A{n—\).
(a) Explain verbally what /„ represents
(b) Prove that A(n) - A(0) = h + h + ---¥ h-
(c) Explain verbally the result in part (b).
(d) Is it true that a{n) — ^(0) = i^ + ii + - -\- in? Explain.
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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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