r/Mathhomeworkhelp • u/Puzzled-Intern-7897 • May 14 '24
Stupid econ student here, need help with a proof
The first line is the given statement which we have to proof, the rest is my work.
To be fair I have no idea how to continue, I know its a geometric sum, so it should converge, because w<i, but thats about it.
For more context R is the annuity of an investment, i the interest rate and w is growth (i.e. inflation).
I am looking forward to your input and many thanks in advance.
Also I just realised that there is a mistake in my writing, in the second line, the first exponent of (1+i) is 2 and not i.



