Question: Find the value of P for which the inflows will equal the outflows. Find the effective rate first. Rate Year 12% pycd Outflows Inflows -12P

Rate Year 12% pycd Outflows Inflows -12P -16P -24P $24,000 $30,000

Find the value of P for which the inflows will equal the outflows. Find the effective rate first.

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Rate Year 12% pycd Outflows Inflows -12P -16P -24P $24,000 $30,000

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