Find the equivalent present worth of the following cash flows where i = 6.9%. In other...

 

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Find the equivalent present worth of the following cash flows where i = 6.9%. In other words, how much do you have to deposit now at Year O (with a second deposit as shown at the end of the first year) so that you will be able to withdraw $231 at the end of the second year, $102 at the end of the third year, and so forth if the bank pays you a 6.9% annual interest rate on your balance? Year 1: $-229 Year 2: $231 Year 3: $102 Year 4: $113 Year 5: $292 Find the equivalent present worth of the following cash flows where i = 6.9%. In other words, how much do you have to deposit now at Year O (with a second deposit as shown at the end of the first year) so that you will be able to withdraw $231 at the end of the second year, $102 at the end of the third year, and so forth if the bank pays you a 6.9% annual interest rate on your balance? Year 1: $-229 Year 2: $231 Year 3: $102 Year 4: $113 Year 5: $292

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To calculate the present worth of the cash flows given a 69 annual interest rate ... View the full answer