What is the value of n to be taken when n is not given?
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The formula is FV A = A * {(1 + r)^n -1} / r. The present value of an annuity is how much you'll need today to receive a stream of payments A each year for n years if the money is invested at r interest rate. The formula is PV A = A * ({1 - (1 + r)^n} / r).
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Answer: We can find n by the method of linear equation.
Step-by-step explanation:
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