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Marcia observed the following cash flow series (in $1000 units) in an accounting report at work. The actual amounts in years 1 and 4 are
Marcia observed the following cash flow series (in $1000 units) in an accounting report at work. The actual amounts in years 1 and 4 are missing; however, the report states that the present worth in year 0 was $348,000 at an interest rate of 13% per year. Calculate the value of x.
Year | 0 | 1 | 2 | 3 | 4 | 5 | 6 |
Cash flow, $1000 | 40 | x | 40 | 40 | x | 40 | 40 |
The value of x is determined to be $ .
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