Question
Calculate the accumulated value at time 10 years where payments are received continuously over each year. The payment is 100 during the first year and
Calculate the accumulated value at time 10 years where payments are received continuously over each year. The payment is 100 during the first year and subsequent payments increase by 10 each year. The annual effective rate of interest is 4%.
The answer is 1165.41 but I got 1770.218
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Multinational Financial Management
Authors: Alan C. Shapiro
7th Edition
0471395307, 9780471395300
