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Problem #5 (2 points) Given: a. The following cash flow diagram b. I = 10%/year compounded annually C. N = 5 years 24000 18000 12000

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Problem #5 (2 points) Given: a. The following cash flow diagram b. I = 10%/year compounded annually C. N = 5 years 24000 18000 12000 6000 041424344 Solve: What is the annual equivalent cash flow of the above cash flow diagram? Answer: $15,714.00

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