hello , Im working on the CT 1 quest. & answers and is confused on one particular question , I'm wondering if anyone could point out my mistake plz ...below are pics ( sorry for the quality ) of the question and my worked solution...The answer should be £45,389. Many thanks .
Once you've got the 2-year effective rate, work in two-year period. There are 20 payments so it should be \( \ddot{s}_{\overline{20}|} \)
