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Given the following cash flow table and an 8% effective annual interest rate, what is the equivalent annual expense over a five-year period? Please draw

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Given the following cash flow table and an 8% effective annual interest rate, what is the equivalent annual expense over a five-year period? Please draw the cash flow diagram. End of Year End of Year Payment 0 500 1 50 2 100 3 200 4 0 5 500 Please draw the cash flow diagram

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