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Sir in NPV questions, if maintenance is payable by lessor at the end of each year then it means at start of time 1 or at end of time 1? Or does it mean at start of time 0 or at end of time 0?
There is no such thing as ‘start of time 1’ – it means nothing. Time 1 is a point in time that is one year away from now.
I have already explained this to you in a previous reply:
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