Show that the present value at time 0 of 1 payable at times 11, 15, 19, 23, 27, and 31, where the effective rate per annum is i, is given by 932-98

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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2. Show that the present value at time 0 of 1 payable at times 11, 15, 19, 23, 27, and 31, where the
effective rate per annum is i, is given by
a32-98
+
Transcribed Image Text:2. Show that the present value at time 0 of 1 payable at times 11, 15, 19, 23, 27, and 31, where the effective rate per annum is i, is given by a32-98 +
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