17. The terminal value of an investment for T years at a annually compounded rate, r is given by VT = P[1+ (1+r)+(1+r)²+...+(1+r)T-1]. What is the value of VT in terms of P, r and T. %3D
17. The terminal value of an investment for T years at a annually compounded rate, r is given by VT = P[1+ (1+r)+(1+r)²+...+(1+r)T-1]. What is the value of VT in terms of P, r and T. %3D
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 9E
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