Question: Consider a series of end-of-period CFs spanning 2041-2053, which decrease by a fixed amount each period. The amount of the first CF in the series
Consider a series of end-of-period CFs spanning 2041-2053, which decrease by a fixed amount each period. The amount of the first CF in the series is $70 and the decrement is $55. The nominal interest rate is 1.8%; compounding occurs 11 times per year. What is the equivalent value of this series at the beginning of 2041?
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