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Macaulay Duration Ignore verification - NO NEED FOR TEXTBOOK 5. Show that the Macaulay duration of a n-year level annuity immediate with annual payments is

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Macaulay Duration Ignore verification - NO NEED FOR TEXTBOOK

5. Show that the Macaulay duration of a n-year level annuity immediate with annual payments is (Ia)ni anli Hence verify the Rule 5 in Section 8.4 in the Textbook

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