Math Problem Statement

Solution

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Math Problem Analysis

Mathematical Concepts

Annuities
Algebra
Interest Rate
Financial Mathematics

Formulas

(1 + i)^6 - 1 / i
(1 + i)^6 - i * 6 - 1 / i^2

Theorems

Present Value of Annuities
Compound Interest

Suitable Grade Level

Undergraduate Finance/Math