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[ Marks Question 6 An investment offers the following year-end cash flows End of Year Cash Flow 1 R20,000 2 R30,000 3 R15,000 TURN OVER]
[ Marks Question 6 An investment offers the following year-end cash flows End of Year Cash Flow 1 R20,000 2 R30,000 3 R15,000 TURN OVER] 4 MBA5903 OCTOBEPUNOVEMBER 2010 Required: Using a 15 percent interest rate, convert this series of irregular cash flows to an equivalent (in present value terms) 3-year annuity
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