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Given that i = 0.05, calculate the present value of the following series of payments: Time 0 1 2 3 4 5 6 7 8
Given that i = 0.05, calculate the present value of the following series of payments:
| Time | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | ... | 37 | 38 | 39 | 40 |
| Payment | 0 | 4 | 3 | 2 | 1 | 4 | 3 | 2 | 1 | ... | 4 | 3 | 2 | 1 |
Please write out an equation to get to the answer and provide explaination.
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Numerical Techniques In Finance
Authors: Simon Benninga
1st Edition
0262022869, 978-0262022866
