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Find the present worth of cash flows in the following diagram assuming a yearly interest rate of i=10% per year until and including year 18
Find the present worth of cash flows in the following diagram assuming a yearly interest rate of i=10% per year until and including year 18 and i=12% per year thereafter.
Note: Be careful about the timings of the cash flows. 1000$ and 2000$ withdrawals are made in every two years and 3000$ deposits are made in every 4 years.
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