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(a) Consider the cash flow diagram below. Find the amount X that is equivalent to the remaining cash flows. The interest rate is 6%/year compounded

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(a) Consider the cash flow diagram below. Find the amount X that is equivalent to the remaining cash flows. The interest rate is 6%/year compounded yearly. (10 points) i = 6%/year compounded yearly $6 $5 $4 Year 0 1 2 3 4 5 6 $x $3 (b) Complete the table below to prove that the amount $X you found above is equivalent to remaining cash flow stream. (10 points) 0 1 2 3 4 5 6 Year Beginning Balance Interest Cash Flow Ending Balance

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