What is the uniform annual equivalent

Reference no: EM13189676

Consider the following sequence of year-end cash flows:
EOY cash flow 1 2 3 4 5
(1)=$8000 (2)=$15,000 (3)=$22,000 (4)=$29,000 (5)=$36,000
What is the uniform annual equivalent if the interest rate is 12% per year?

Reference no: EM13189676

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