Question
at an annual effective interest rate of 4& an annuity immediate with 4N level annual payments of 1,000 has a present value of 9,385.07 Determine
at an annual effective interest rate of 4& an annuity immediate with 4N level annual payments of 1,000 has a present value of 9,385.07 Determine the fraction of the total present value represented by the first of N payments and the fourth set of N payments combined,. Answer is 50.00% please explain how to get that.
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Environmental Finance And Investments
Authors: Marc Chesney, Jonathan Gheyssens, Anca Claudia Pana, Luca Taschini
2nd Edition
366248174X, 978-3662481745
