Consider the following cash flow series. Determine the required annual deposits (end of year) that will generate
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Consider the following cash flow series. Determine the required annual deposits (end of year) that will generate the cash flows from years 4 to 7. Assume the interest rate is 6%, compounded monthly.
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$1,600 $1,400 $1,200 $1,000 1 2 4 5 6 7 C 3.
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