Question: A set of cash flows are given below; using the principles of equivalence, determine the value Y for an interest rate of 8% compounded annually.

A set of cash flows are given below; using the principles of equivalence, determine the value "Y" for an interest rate of 8%

A set of cash flows are given below; using the principles of equivalence, determine the value "Y" for an interest rate of 8% compounded annually. Year 0 1 2 3 4 5-10 Cash flow in $-60000 0 0 1,000-1,000 Y

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