Two series of cash flows described below equivalent

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Reference no: EM13703875

What value of G makes the two series of cash flows described below equivalent at an interest rate of 3% per year, compounded every 3 months?

1. 22 annual deposits in the amount of $400

2. 11 annual deposits in the amount of $400 in the first year, and increasing by $G each year.

Reference no: EM13703875

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