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Modified problem 3 . 6 7 from page 1 3 1 of the Park ( 2 0 2 3 ) textbook, which now reads: A
Modified problem from page of the Park textbook, which now reads:
"A cash flow series called "ENGM" consists of the cash flows given in the table below.
Cash Flow Series ENGM
The interest rate is compounded annually.
a The equivalent Present Value of the whole "ENGM" cash flow series at the given
interest rate is $
b There is another, uniform series of cash flows, called and presented in the table
below.
Cash Flow Series
Cash flow series "ENGM" and are equivalent at the interest rate given above.
The unknown value of the uniform series that satisfies the equivalence A is $
Note: Please enter your answers to two decimal places. When using the interest factor
method, apply the value of the factor as presented in the table or spreadsheet with all four
decimal places
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