Category > Business & FinancePosted 12 May 2018My Price3.00
decreasing annuity
Show that the discounted value A of a decreasing annuity whose n payments at the end of each year are nR, (n - 1)R, (n - 2)R, ..., 2R, R is A = R/i(n - a_n/i) at rate i per year.