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The present value of the cash flow (x100,2000,x,0,3x) is $2,000. Suppose that the effective annual interest rate is 3%. (a) Find the value of x,
The present value of the cash flow (x100,2000,x,0,3x) is $2,000. Suppose that the effective annual interest rate is 3%. (a) Find the value of x, and calculate to the nearest cent. (b) Up to 3 decimal places, find the future value of this cash flow at time t=4
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