Annuities

How can I get the equation for present value of annuities in arrears?

The equation I gave is P = R ((1 – (1 + i) ^-n) / I) P is present value of income, i is the interest rate per period, n is the number of periods. Thank you!

P = R * (1 + i) ^ -1 + R * (1 + i) ^ -2 + … + R * (1 + i) ^-n …

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