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Several Cash flows are as shown below. The interest rate is 10% per year. What is the present value of the anuality for this problem?
Several Cash flows are as shown below. The interest rate is 10% per year.
What is the present value of the anuality for this problem?
\begin{tabular}{|r|r|r|r|} \hline Year & Amount & Year & Amount \\ \hline 0 & 0 & 6 & 2600 \\ \hline 1 & 2100 & & \\ \hline 2 & 2200 & & \\ \hline 3 & 2300 & \\ \hline 4 & 2400 & \\ \hline 5 & 2500 & \\ \hline \end{tabular}Step by Step Solution
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