Present Value Proof

4football

New member
Joined
Aug 24, 2015
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3
Hi,
The Question is as follows: Show that the present value of an annuity that runs for T years is V0=V.(1-(1+R)^-T/R).
See attached Image


attachment.php




I've Been having some trouble with the algebra and just wanted to get some feedback on whether my workings/answer is correct.
Thankyou.

Regards,

James
 

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