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Now, let us pick the measurement of Pete's annuity payment (m) and Enable the annuity operate its training course. Is it not correct that we could play around Along with the size of Pete's First bank deposit (P) until finally The 2 accounts had precisely the same value at the conclusion of this experiment? When this affliction is satisfied, we will state that Pete's First deposit (P), and that is a existing price, correlates Together with the present worth of Nick's annuity, since it offers the identical future worth underneath similar conditions.

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