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3. Using an annual interest rate i = 8%, find the present worth of the cash flows given in Fig. E12.3. 220 100 100 100

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3. Using an annual interest rate i = 8%, find the present worth of the cash flows given in Fig. E12.3. 220 100 100 100 100 100 100 100 20 20 20 20 20 20 20 20 20 20 20 20 20 A 1 1 0 1 5 10 15 20 Year 200 200 150 150 100 100 50 50 15 20 10 Year 200 200 100 100 0 1 5 10 15 20 Year 100 100 100 0 5 15 20 10 Year Figure E12.3

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