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find the equivalent present worth of the cash receipts in the accompanying diagram, where i=10% compounded annually. In other words, how much do you have
find the equivalent present worth of the cash receipts in the accompanying diagram, where i=10% compounded annually. In other words, how much do you have to deposit now(with the second deposit in the amount of $500 at the end of the first year) so that you will be able to with draw $300 at the end of the third year, $300 at the end of the fourth year, and $800 at the end of the fifth year, where the bank pays you 10% annual interest on your balance
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