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18 Marks Question 2 An investment offers the following year end cash flows. End of Year Cash Flow 1 R20.000 2 R30.000 3 R15 000

18 Marks Question 2 An investment offers the following year end cash flows. End of Year Cash Flow 1 R20.000 2 R30.000 3 R15 000 Required: Using a 15% interest rate, convert this series of irregular cash flows to an equivalent in present value terms) 3-year annuity

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