= Find the accumulated value of 1 at the end of n periods where the effective rate of interest for the kth period, k = 1
Posted: Fri Mar 04, 2022 9:36 am
= Find the accumulated value of 1 at the end of n periods where the effective rate of interest for the kth period, k = 1, 2, ..., n, is defined by 1 , in = (1+r)*(1+i)– 1. Show that the answer to this can be written in the form (1 + i)". Find j in terms of and i