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Compound Interest: • Concept of Compounding...
Annuity Future Value: • Annuity and Future Val...
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Present Value P of an Annuity of n payments of R each at the end of consecutive interest periods with interest compounded at a rate i per period is given by the formula: PV=R((1-(1+i)^(-n))/i)
Annuity and Future Value: • Annuity and Future Val...