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A series of five constant dollar or real dollar payments (beginning with $5000 at the end of the first year are increasing at the rate
A series of five constant dollar or real dollar payments (beginning with $5000 at the end of the first year are increasing at the rate of 7% per year Assume that the average general inflation rate s 5% and the market interest rate is 12% during this inflationary period what is the equivalent present worth of the series? The equivalent present worth is Sthousand. (Round to one decimal place.)
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