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4. What is the present worth of the cash flows in table below? Use an interest rate of 6% compounded annually. Year 2 6-20 3

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4. What is the present worth of the cash flows in table below? Use an interest rate of 6% compounded annually. Year 2 6-20 3 Answer: $89,915.77 Recommendation: Your approach should include the use of the equal payment series formula and the linear gradient series formula

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