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3. An investment promises to pay the indicated amounts for the period shown Year 1 2 3 4 5 Cash Flow 5,000 6,000 3,000 2,000

3. An investment promises to pay the indicated amounts for the period shown Year 1 2 3 4 5 Cash Flow 5,000 6,000 3,000 2,000 1,500 Compute the Value of investment today if the appropriate rate is 10 Percent if the payments are made ; (i) At the beginning of each period (ii) At the end of each period

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