What would be the annuity amount per year

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Reference no: EM131989607

If an investment offers the following year-end cash flows:

1 $20,000

2 $15,000

3 $10,000

Using a 8% interest rate, convert this series of irregular cash flows to an equivalent (in present value terms) 3 year annuity. What would be the annuity amount per year?

$13,068.03

$12,758.31

$10,999.63

$15256.28

Reference no: EM131989607

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