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

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Consider a series of end-of-period CFs spanning 2044-2050, which increase by a fixed amount each period. The amount of the first CF in the series is $133 and the increment is $95. The interest rate is 2.6%. What is the equivalent uniform amount for a series of end-of-year CFs spanning the same time period?

Need to know the formula for finding this answer.

Reference no: EM131969970

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