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Given the following series of payments: Year End-of-Year Payment 1 $1204 2 $1227 3 $1671 4. $1367 5 $1321 The single sum at year 3
Given the following series of payments: Year End-of-Year Payment 1 $1204 2 $1227 3 $1671 4. $1367 5 $1321 The single sum at year 3 equivalent to above series of payments at a 10% interest rate is close to a. $6884 O b. $6887 c. $6811 d. $6812
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