(VU-Study-Corner) F M solution Problem

Frieds anybody can tell me  this formula showing -1 at the end so where it com from where as in book -1 is not mention plz rply   1,500,000 = 9000 [(1+i/2)^10*2-1] 19% 1,500,000 = 2000 [(1+i/3)^10*3-1] 18% Ansoo Se Pyar Karo Kiun Ke Yeh Bin Mange Mil Jate Hein Muhammad Ilyas. MBA Finance 4th Semester

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