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Jimmy deposits $ 4,000 now, $ 3,000 3 years from now, and $ 6,000 6 years from now. Interest is 4 % for the first
Jimmy deposits $ 4,000 now, $ 3,000 3 years from now, and $ 6,000 6 years from now. Interest is 4 % for the first 3 years and 9 % for the last 3 years.
What is the uniform series equivalent of the fund (uniform cash flow at end of years 16)?
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