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10 ne Tollowing table. What single amount in year 7 is equivalent to a uniform annual series shown on the table at the specified interest
10 ne Tollowing table. What single amount in year 7 is equivalent to a uniform annual series shown on the table at the specified interest rate, and N years? Solution Approach: Solve this question by establishing equivalency at N=7. Other analysis approaches will not be marked. Use the uniform annual series method of analysis where applicable. Other analysis approaches will not be marked. Use four decimal points for the interest factors. Round off the final answer to the nearest dollar. . 5% N 0 1 2 4 5 6 7 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 8 9 10
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