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Question 2 [8 Marks] An investment offers the following year-end cash flows: End of Year 1 Cash Flow R20,000 R30.000 R15.000 2. 3 Required: Using
Question 2 [8 Marks] An investment offers the following year-end cash flows: End of Year 1 Cash Flow R20,000 R30.000 R15.000 2. 3 Required: Using a 15% interest rate, convert this series of irregular cash flows to an equivalent (in present value terms) 3-year annuity
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N. Hyman
9th Edition
0324537190, 9780324537192
