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The investment offers the following year-end cash flows: Year 1: $20,000, Year 2: $30,000 and Year 3: $15,000. Using 15% interest rate, convert these series

The investment offers the following year-end cash flows: Year 1: $20,000, Year 2: $30,000 and Year 3: $15,000. Using 15% interest rate, convert these series of irregular cash flows into equivalent 3-year annuity.

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