Mathematical Theory and Modeling
Generating Future and Present Values of Annuity using Interest Rate Theory.
Abstract
In this study, we generated the future and present values of annuity based on the interest rate theory. This was anchored on the fact that every compound interest problem involves the annual rate and the rate per compounding period. It was also shown that as the frequency of compounding periods increases, the compound amount behaviour....
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ISSN (Paper)2224-5804 ISSN (Online)2225-0522
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