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Suppose that these two cash flow diagrams below are economically equivalent at 10% annual interest $1,000 $1.000 2T $500 $500 T 3 EOY 2 3

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Suppose that these two cash flow diagrams below are economically equivalent at 10% annual interest $1,000 $1.000 2T $500 $500 T 3 EOY 2 3 EOY 3T What is the present value at the beginning of year 1 (in $) of the cash flow diagram on the left

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