.1.5 Develop an expression for the duration of a level n-payment annuity-immediate of 1 per period with interest rate i per period, and show that it is equal to - n d is- nli

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 1E
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Develop an expression for the duration of a level n-payment
annuity-immediate of 1 per period with interest rate i per period,
7.1.5
and show that it is equal to
isni
d
is mli
Transcribed Image Text:Develop an expression for the duration of a level n-payment annuity-immediate of 1 per period with interest rate i per period, 7.1.5 and show that it is equal to isni d is mli
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