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
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