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Which means we can established the correct facet of the main equation equivalent to the appropriate aspect of the other to obtain:
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The problem we desire to consider now's: How would we compute the existing value of an annuity? Detect that the 2nd equation has no P in it, so we can not basically clear up for P as we did in the initial equation. In a sense, We'll think about both of those equations together by thinking about the following problem.
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