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please solve this problem Two receipts of $1,000 each are desired at the EOYs 10 and 11. To make these receipts possible , four EOY
please solve this problem
Two receipts of $1,000 each are desired at the EOYs 10 and 11. To make these receipts possible , four EOY annuity amounts will be deposited in a bank at EOYs 2,3,4, and 5. The bank's interest rate (i) is 12% per year. (a) Draw a cash-flow diagram for this situation. (b) Determine the value of A that establishes equivalence in your cash-flow diagram (c) Determine the lump-sum value at the end of year 11 of the completed cash- flow diagram based on your answers to Parts (a) and (b)Step by Step Solution
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