What is the present value of an annuity of 3n payments

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At the same rate of non-zero interest the present value of a level payment annuity immediate of 2n payments of $R is 3/2 the present value of an n payment annuity immediate with the same payment. What is the present value of an annuity of 3n payments of $R in terms of the present value of the annuity of n payments?

Reference no: EM13267736

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