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Find the equal series of 10-year annual payments that are equivalent to the following series of cashflows if the interest rate is 10% compounded monthly
Find the equal series of 10-year annual payments that are equivalent to the following series of cashflows if the interest rate is 10% compounded monthly Ans. ($x,xxx) Year 0 Year 1 $1250 Year 2 $1100 Year 3 $1850 Year 4 $2930 Year 5 $2445 Year 6 $3500
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