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Growth rates You are given the series of cash flows shown in the following table. Cash flows Year A B C $500 $1,500 $2,500 560

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Growth rates You are given the series of cash flows shown in the following table. Cash flows Year A B C $500 $1,500 $2,500 560 1,550 2,600 640 1,610 2,650 720 1,680 2,650 800 1,760 2,800 1,850 2,850 1,950 2,900 2,060 2,170 2,280 a. Calculate the compound annual growth rate between the first and last payment in cach stream. b. If year-1 values represent initial deposits in a savings account paying annual interest, what is the annual rate of interest earned on each account? c. Compare and discuss the growth rate and interest rate found in parts a and b, respectively

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