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please help to understand the answer a. Calculate and rank the equivalent values eight years from now of the following cash flow streams if money
please help to understand the answer
a. Calculate and rank the equivalent values eight years from now of the following cash flow streams if money can earn 8% compounded annually for the next eight years: (Do not round intermediate calculations and round your final answer to 2 decimal places.) (i) A single payment of $5000 today. (ii) An ordinary annuity starting today with eight annual payments of $910. ta (iii) An ordinary annuity starting in three years with five annual payments of $1675. $ b. Calculate and rank the equivalent values eight years from now of the following cash flow streams if money can earn 10% compounded annually for the next eight years: (Do not round intermediate calculations and round your final answer to 2 decimal places.) (i) A single payment of $5000 today. (ii) An ordinary annuity starting today with eight annual payments of $910. $ (iii) An ordinary annuity starting in three years with five annual payments of $1675. $Step by Step Solution
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