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pls solve with excel a. What is present value of the following payment stream, discounted at 7% annually: $1,000 at the end of year 1,$3,000

image text in transcribed pls solve with excel

a. What is present value of the following payment stream, discounted at 7% annually: $1,000 at the end of year 1,$3,000 at the end of year 2 and $5,000 at the end of 3. b. What is the equivalent annuity payment of this stream? (An equivalent annuity is an annuity which has the same present value as the payment stream in this question)

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