Question: solve using excel step by step 2s3 What single payment at the end of year 5 is equivalent to an equal annual series of payments

solve using excel step by step

2s3 What single payment at the end of year 5 is equivalent to an equal annual series of payments of $800 beginning at the end of year 3 and ending at the end of year 12? The interest rate is 8% compounded annually. (a) $5,797 (b) $6,260 (c) $6,762 (d) $6,883 12 $800

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