Question: answer is NOT 1069. Find the value of the unknown quantity, Po, that establishes equivalence in the cash flow diagram below suppose i= 16% per

answer is NOT 1069. Find the value of the unknown quantity, Po, answer is NOT 1069.

Find the value of the unknown quantity, Po, that establishes equivalence in the cash flow diagram below suppose i= 16% per year. Use an annuity factor and a uniform gradient factor in your solution. s1 001 091 00 $2,000 $1,30 1.000 $700 $700 $700 $700 $700 1 23 4 5 6 7 8 9 10 End of Year Po = ? Po=S[1069] (Round to the nearest dollar)

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