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On the first day of the year, a man deposits 1,000 in a bank at 8% per year compounded annually. He withdraws 80 at the
On the first day of the year, a man deposits 1,000 in a bank at 8% per year compounded annually. He withdraws 80 at the end of the first year, 90 at the end of the second year, and the remaining balance at the end of the third year. What is the net cash flow? Show your complete solution
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