5 Easy Facts About finance homework help Described



All we should do now's resolve the equation for P, and with a little bit algebraic manipulation, we will have the system with the current worth of an annuity:

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The problem we want to consider now could be: How would we work out the present value of an annuity? Detect that the 2nd equation has no P in it, so we simply cannot just solve for P as we did in the 1st equation. In a way, We're going to consider the two equations collectively by contemplating the following problem.

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