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1) What amount to be invested at the end of three years will finance a series of five payments of $78,000 to be received at

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1) What amount to be invested at the end of three years will finance a series of five payments of $78,000 to be received at the end of each year, starting in ten years? (2) Assume a discount rate of 7.2%. Draw one or more timelines that explain your calculation. (2) Carefully label your

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