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Consider the following cash flows and interest rates: End of Year Interest Rate During Period Cash Flow at End of Period 0 $0 1 10%
Consider the following cash flows and interest rates:
End of Year Interest Rate During Period Cash Flow at End of Period 0 $0 1 10% $2,000 2 8% $3,000 3 12% $4,000 A. Determine the future worth of this series of cash flows. B. Determine the present worth of this series of cash flows. C. Determine a 3-year uniform annual series that is equivalent to the original series.
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