Estimate the investments equivalent annual annuity

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Reference no: EM13919369

An investment has expected cash flows of -$200, $100, $220, $90 and $45 at the end of years 0 through 4, respectively. The required return is 8.5%. Estimate the investment's Equivalent Annual Annuity.

a. $46.18

b. $51.95

c. $45.50

d. $55.56

Reference no: EM13919369

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