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A series of payments of 100 are made with the first payment made immediately. The second payment is made at the end of year 2.
A series of payments of 100 are made with the first payment made immediately. The second payment is made at the end of year 2. The third payment is made at the end of year 4, etc. with the last payment being made at the end of year 8. Calculate t using the method of equated time.
NO EXCEL
EXCEL= THUMBS DOWN
FORMULAS / SHOW WORK = THUMBS UP
USING APPROXIMATION NO INTEREST RATE NEEDED
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