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Question: A set of cash flows begins at $20,000 the first year, with a decrease each year until n = 10 years. If the interest rate is 8%, what is the present value when
(a) the annual decrease is $2000?
(b) the annual decrease is 10%?
The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.
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