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Consider the following cash flows and interest rates: a. Determine the future worth of this series of

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Consider the following cash flows and interest rates:

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a. Determine the future worth of this series of cash flows.

b. Determine the present worth of this series of cash flows.

c. Determine a 3-year uniform annual series that is equivalent to the original series.

Transcribed Image Text:

End of Year Interest Rate during Period Cash Flow at End of Period 0 1 $0 10% 2 8% 3 12% $2,000 -$3,000 $4,000

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