QUOTE[Warrior]
nope Edwin...I am not able to understand it.
END QUOTE...
Working form first principles is usually easier for this type of questions:
PV = 6a_n^2 + 100v^10 - t1*3*v^(10/12) - t1*3*v^(16/12) - - - t1*3*v^(124/12)
= 6a_n^2 + 100v^10 - t1*3*v^(4/12)*[t1*v^(6/12) + t1*v^(12/12) + + + t1*v^(120/12)]
= 6a_n^2 + 100v^10 - t1*6*v^(4/12)*a_n^(2) @ 9%
HOW IS THAT WARRIOR??
Last edited by a moderator: Nov 13, 2011