Consider the cash flow transactions depicted in the accompanying cash flow diagram with the changing interest rates specified O 5400 5400 2 11% Years Pu
Consider the cash flow transactions depicted in the accompanying cash flow diagram with the changing interest rates specified O 5400 5400 2 11% Years Pu Interest Interest Interest compounded compounded compounded monthly monthly monthly (a) What is the equivalent present worth? (In other words, how much do you have to deposit now so that you can withdraw $400 at the end of year 1, $400 at the end of year 2, 5600 at the end of year 3, and $600 at the end of year 47) The equivalent present worth is $ (Round to the nearest dollar)
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