Time of a payment


Payments of $1000, $2000, and $4000 are made at end of 5, 10, 20 years respectively. If T1 is the time of payment of $7000 using an equation of value and T2 is the time of a payment of $7000 using the method of equated time, find T1 - T2 if the rate of interest is i = 0.06.

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Mathematics: Time of a payment
Reference No:- TGS0874798

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