Question: 4. Using the amounts in the table below and an interest rate of 12 % compounded annually, determine: the equivalent present amount Use the gradient

4. Using the amounts in the table below and an interest rate of 12 % compounded annually, determine: the equivalent present amount Use the gradient conversion factor, if and where applicable, for full credit EOY Deposit 0 1000 0 2 0 3 200 200 4 200 5 600 6 500 400 300 10 200

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