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Find the value of P for which the inflows will equal the outflows. Find the effective rate first. Rate 12% pycd Year OutflowsInflows 0

Find the value of P for which the inflows will equal the outflows. Find the effective rate first. Rate 12% pycd Year OutflowsInflows 0 -P 1 -12P 23 -16P 3 -24P 4 0 5 -P $24,000 6 -P $30,000

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