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7. (5 points) An investment offers the following year-end cash flows: End of Year Cash Flow $20,000 $30,000 $15,000 Using a 15 percent discount rate,
7. (5 points) An investment offers the following year-end cash flows: End of Year Cash Flow $20,000 $30,000 $15,000 Using a 15 percent discount rate, convert this series of irregular cash fows to an equivalent (in present value terms) 3-year annuity
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