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Hi, I want understand more on how change in interest rates affect present value of annuities. From what I understand, if interest rates fall,...
What is the formula to figure out how to summarise these sort of equations for example: 1. v^2 + v^2 + v^4.... + v^16 2. 1 + 1.03v + 1.03^2 v^2...
Hi, I would like to ask that: 1. Why equity release products (such as lifetime mortgages & home reversions) can be used as "backing assets" for...