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
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
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
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