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To find the present value of an uneven series of cash flows, you must find the PVs of the individual cash flows and then sum

To find the present value of an uneven series of cash flows, you must find the PVs of the individual cash flows and then sum them. Annuity procedures can never be of use, even if some of the cash flows constitute an annuity because the entire series is not an annuity. True or false? Explain.

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