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Series of payments are data for questions

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Reference no: EM131877172

The following series of payments are data for questions 3-4 - 3-6: Year End-of-Year Payment

1- $1400

2- 1320

3 -1240

4- 1160

5- 1080 

  • What present sum is equivalent to above series of payments at a 10% interest rate?
  • What future sum is equivalent to above series of payments at a 10% interest rate?
  • What single sum at year 3 is equivalent to above series of payments at a 10% interest rate?

Reference no: EM131877172

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