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Problem 3-5 (algorithmic) Suppose you have the attentive of receiving the $16.000 the end of five years of P dolors today Currently, you have no

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Problem 3-5 (algorithmic) Suppose you have the attentive of receiving the $16.000 the end of five years of P dolors today Currently, you have no need for money so you could deposit the dollars in a bank that pays exist what value of P would make you ndiferent in your choice between Pools today and the promise of $16.000 at the end of five years? Olek te woontowwe interested for increle compounding when per year The we of that would make you want in your choice Round to the newest color) N 1 Single Payment Compound Present Amount Worth Factor Factor (F/P, 1, N) (P/F, i, N) 1.0600 0.9434 1.1236 0.8900 1.1910 0.8396 1.2625 0.7921 1.3382 0.7473 Compound Amount Factor (F/A, I, N) 1.0000 2.0600 3.1836 4.3746 5.6371 Equal Payment Series Sinking Present Fund Worth Factor Factor (A/F, I, N) (P/A, 1, N) 1.0000 0.9434 0.4854 1.8334 0.3141 2.6730 0.2286 3.4651 0.1774 4.2124 Capital Recovery Factor (A/P, I, N) 1.0600 0.5454 0.3741 0.2886 0.2374 6 7 8 1.4185 1.5036 1.5938 1.6895 1.7908 0.7050 0.6651 0.6274 0.5919 0.5584 6.9753 8.3938 9.8975 11.4913 13.1808 0.1434 0.1191 0.1010 0.0870 0.0759 4.9173 5.5824 6.2098 6.8017 7.3601 0.2034 0.1791 0.1610 0.1470 0.1359 9 10 11 12 13 1.8983 2.0122 2.1329 2.2609 2.3966 0.5268 0.4970 0.4688 0.4423 0.4173 14.9716 16.8699 18.8821 21.0151 23.2760 0.0668 0.0593 0.0530 0.0476 0.0430 7.8869 8.3838 8.8527 9.2950 9.7122 0.1268 0.1193 0.1130 0.1076 0.1080 14 15

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