 Now consider the general case of an annuity of 1 per annum for n years at rate i. The first payment of 1 made at the end of the first year will be at interest for n — 1 years and will accumulate to...  Mathematics of Finance - Page 55by Lloyd Leroy Smail - 1925 - 310 pagesFull view - About this book
 | Henry Lewis Rietz, Arthur Robert Crathorne, J. Charles Rietz - Business - 1921 - 304 pages
...payable annually for n years. If the effective rate of interest i is used, then s^ will depend upon n and i. The first payment of 1 made at the end of the first...interest for n — 1 years and will accumulate to The second payment will be at interest for n — 2 years and will accumulate to (1 + i)n 2, and so... | |
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