2,What are the characteristics of a uniform series of cashflows?

4. What does it mean that equivalence is independent of the time period chosen to evaluate equivalence?

7. What is the future value, ten years from now, of $1,000 invested today at a periodic interest rate of 12% com pounded annually?

17. What uniform series of cash flows is equivalent to a $15,000 cash flow occurring today if the uniform se ries of cash flows occur at the end of each year for the next five years and the periodic interest rate is 9% com pounded annually?

27. At what periodic interest rate is a $1,000 cash disburse ment occurring four years ago equivalent to a cash receipt of $1,274.43 occurring today? The periodic interest rate is compounded annually.

29. At what periodic interest rate is a $2,000 cash receipt

occurring at the beginning of year 1 equivalent to four