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a- What single payment at the end of year 5 is equivalent to an equal annual series of payment of $800 beginning at the end
a- What single payment at the end of year 5 is equivalent to an equal annual series of payment of $800 beginning at the end of year 3 and ending at the end of year 12? The interest rate is 8% compounded annually. 6 S800)
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
3rd Canadian edition
1-119-40285-5, 111940276X, 978-1119566007
