Illustrate accumulated value of the annuity


An annuity pays 1 for first n years, 2 for second n years and 3 for third n years with effective annual interest rate i. Determine accumulated value of the annuity at time 3n directly and illustrate that accumulated value of the annuity is equivalent to

s3n| + s2n| + sn|.

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Mathematics: Illustrate accumulated value of the annuity
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