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Consider the accompanying cash flow diagram, which represents three different interest rates applicable over the five-year time span shown. $2,100 $2,100 $3,150 $2,100 $2,100
Consider the accompanying cash flow diagram, which represents three different interest rates applicable over the five-year time span shown. $2,100 $2,100 $3,150 $2,100 $2,100 1 2 3 4 5 Years P 10% 13% 14% Compounded quarterly Compounded quarterly Compounded quarterly (a) Calculate the equivalent amount P at the present time. The equivalent amount P at the present time is $ . (Round to the nearest dollar.)
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