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Unformatted text preview: The present value of an n period immediate annuity with first payment P and increasing by g each month with a periodic interest rate of . i 1 1 1 . n g i PV P i g +-+ =-Annuities with Payments in an Arithmetic Progression: The present value of an n period immediate annuity with first payment P and increasing by a fixed amount Q each month with a periodic interest rate of . i . n n i n i a n v PV P a Q i-= + ( 29 n i Ia and ( 29 n i Da Yield Rates Balloon Payment and Drop Payment: General Accumulation Functions The Investment Year Method:...
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This note was uploaded on 04/21/2008 for the course M 101 taught by Professor Maxwell during the Fall '07 term at University of Texas at Austin.
- Fall '07
- Geometric Series