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a. Calculate and rank the equivalent values eight years from now of the following cash flow streams if money can earn 8% compounded annually
a. Calculate and rank the equivalent values eight years from now of the following cash flow streams if money can earn 8% compounded annually for the next eight years: (Do not round intermediate calculations and round your final answer to 2 decimal places.) (i) A single payment of $5000 today. (ii) An ordinary annuity starting today with eight annual payments of $910. $ (iii) An ordinary annuity starting in three years with five annual payments of $1675. $ b. Calculate and rank the equivalent values eight years from now of the following cash flow streams if money can earn 10% compounded annually for the next eight years: (Do not round intermediate calculations and round your final answer to 2 decimal places.) (i) A single payment of $5000 today. (ii) An ordinary annuity starting today with eight annual payments of $910. (iii) An ordinary annuity starting in three years with five annual payments of $1675.
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