answer must be 1887.5

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. Year 0 1 2 3 456-12 Cash flow in S -5,000 0 0 0 -1,000 -1,000 Y Answer: S1,887.50 Recommendation: Your approach should include the use of the equal payment series formula