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1. What is the uniform series of 4 cash flows starting at time t 2 equivalent to receiving $5,000 at t - 1, $6,000 at

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1. What is the uniform series of 4 cash flows starting at time t 2 equivalent to receiving $5,000 at t - 1, $6,000 at t2, $7,000 at t 3, and $8,000 at t 4, if money is compounded at rate of 8% per time period? Show calculations to get credit. (a) $5,303 (b) $5,727 (c) $6,404 (d) $6,916

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