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QUESTION 2 What single payment at the beginning of year 2 is equivalent to an equal annual series of payments of $8000 beginning at the

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QUESTION 2 What single payment at the beginning of year 2 is equivalent to an equal annual series of payments of $8000 beginning at the end of year 3 and ending at the end of year 8? Use i - 10 % compounded annually. (using cash flow diagram is recommended)

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