Solution-Series of irregular cash flows to an equivalent

Series of irregular cash flows to an equivalent

Reference no: EM131152813

An investment offers the following year-end cash flows:

End of Year Cash Flow

1 $20,000

2 $30,000

3 $15,000

Using a 15 percent interest rate, convert this series of irregular cash flows to an equivalent (in present value terms) 3-year annuity.

Reference no: EM131152813

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Series of irregular cash flows to an equivalent

Reference no: EM131152813

Reference no: EM131152813

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