Suppose that you pay $2000 at time 0, get $6000 at time 1, and pay $3000 at time 2. Let

C₀ = $2000,

C₁ = $6000,

and

C₂ = $3000.

Set

C = C₀ + C₁ + C₂ = $2000 $6000 + $3000 = $1000.

Find T such that getting an inflow of C at time T has the same present value as the above sequence of financial transactions, assuming that the growth of money is governed by compound interest at

i = 1%.

(Round your answer to three decimal places.)

T = ______

Suppose that you pay $2000 at time 0 , get $6000 at time 1 , and pay $3000 at time 2 . Let C0=$2000,C1=$6000, and C2=$3000. Set C=C0+C1+C2=$2000$6000+$3000=$1000. Find T such that getting an inflow of C at time T has the same present value as the above sequence of financial transactions, assuming that the growth of money is governed by compound interest at i=1%. (Round your answer to three decimal places.) T= Show that T is greater than the weighted average T=CC00+CC11+CC22. (This shows that the inequality TT need not hold if you have a negative contribution.) Since T=,T Select--- greater than T