Posted by Nathaniel on Wednesday, July 23, 2008 at 9:47pm.
If the discount rate is 20%, just substitute 0.2 for d in your equation
T = n [6+6(.05)-0.2(6+6(.05))]
Note that the n multiples all terms. I used brackets to clarify that. I think your original equation omitted an important pair of parentheses.
thanks
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