Diff selection: Mark the radio buttons of the revisions to compare and hit enter or the button at the bottom.
Legend: (cur) = difference with latest revision, (prev) = difference with preceding revision, m = minor edit.
Legend: (cur) = difference with latest revision, (prev) = difference with preceding revision, m = minor edit.
| rev | Admin | (Created page with "'''Solution: D''' One way to view these payments is as a sequence of level immediate perpetuities of 1 that are deferred n-1, n, n+1,... years. The present value is then <math display = "block"> v^{n-1}/\,i+ v^{n}\ /\,i+ v^{n+1}/i+\cdots=\left( v^{n-2}/i\,\right)\left( v+ v^{2}+ v^{3}+\cdots\right)= v^{n-2}/i^2. </math> Noting that only answers C, D, and E have this form and all have the same numerator, <math display = "block"> v^{n-2}/i^2\ = \, v^{n}/(vi)^{2}\,=\...") | Nov 18'23 at 10:41 | +525 |