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The sum of the present value of 1 paid the end of n periods and 1 paid at the end of 2n periods is 1.
The sum of the present value of 1 paid the end of n periods and 1 paid at the end of 2n periods is 1. Find (1+i)2n
I have worked it out and i get The solutions manual has (3+sqrt 5) / 2 and its not squared. ca
can you explain why my answer is wrong please?
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