A set of cash flows are given in the table below, using the principles of equivalence, determine the value "Y" for an interest rate of 8% compounded annually. 1. Year Cash flow in $ -5,000 00 0 -1,000-1,000 Y 1 1 1 2 13.14 15 16-12 | 10 Answer: $1,887.50 Recommendation: Your approach should include the use of the equal payment series formula