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Please explain it clear with formula QUESTION 1: An investment costs RM3,000.00 today and provides cash flows at the end of each year for 20
Please explain it clear with formula
QUESTION 1: An investment costs RM3,000.00 today and provides cash flows at the end of each year for 20 years. The investment expected return is 10 percent. The projected cash flows for Years 1, 2. and 3 are RM100.00, RM200.00 and RM300.00 respectively. What is the annual cash flow received for each of Years 4 through 20 (17 years)? (Assume the same payment for each of these years.) [Total: 8 marks] N.B. Use 2-decimal places in your calculationStep by Step Solution
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