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A payment of 10 at time 1 and a payment of 20 at time 4 is

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A payment of $10 at time 1 and a payment of $20 at time 4 is equivalent to a payment of $30 at time t assuming a constant force of interest delta = .05. The method of equated time approximates t by tbar. Calculate tbar - t.

Reference no: EM13616372

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