What is equivalent uniform amount for series of end-of year

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a) Consider a $762 CF at the beginning of 2042. The interest rate is 2.8%. What is the equivalent uniform amount for a series of end-of-year CFs spanning 2052-2056?

b) Consider a $760 CF at the beginning of 2063. The interest rate is 3.9%. What is the equivalent uniform amount for a series of end-of-year CFs spanning 2050-2055?

How do you work this out my hand to get the answer?

Reference no: EM131959908

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