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1. A cash flow has $800 at Year 1 and $200 per year in Years 5-8. What is the present worth of the cash
1. A cash flow has $800 at Year 1 and $200 per year in Years 5-8. What is the present worth of the cash flow at an interest rate of 6%? 2. MBTA needs to borrow $20 million now at an interest rate of 4% to build a set of subway cars. It will make 20 equal annual payments of A dollars starting at year 4. What is A?
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Understanding Financial Accounting
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
1st Canadian Edition
1118849388, 9781119048572, 978-1118849385
