3. Find the value of P in the following cash flow. i=5% per annum. $1500 0 1 2 3 4 5 6 7 interest rate (IR): 5% n 1 2 3 4 5 6 7 8 9 10 single payment FIP PIF 1.0500 0.9524 1.1025 0.9070 1.1576 0.8638 1.2155 0.8227 1.2763 0.7835 1.3401 0.7462 1.4071 0.7107 1.4775 0.6768 1.5513 0.6446 1.6289 0.6139 A-$1000 A-$800 interest rate (IR): 5% n A/F 1 1.0000 2 0.4878 3 0.3172 0.2320 0.1810 0.1470 0.1228 0.1047 0.0907 0.0795 4 5 6 7 8 9 10 uniform payment series A/P FIA 1.0500 1.0000 0.5378 2.0500 0.3672 3.1525 0.2820 4.3101 0.2310 5.5256 0.1970 6.8019 0.1728 8.1420 0.1547 9.5491 0.1407 11.0266 0.1295 12.5779 PIA 0.9524 1.8594 2.7232 3.5460 4.3295 5.0757 5.7864 6.4632 7.1078 7.7217