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Score: 0 of 1 pt 7 of 14 (8 complete) Problem 4-97 (algorithmic) Determine the present equivalent value of the cash-flow diagram shown below when
Score: 0 of 1 pt 7 of 14 (8 complete) Problem 4-97 (algorithmic) Determine the present equivalent value of the cash-flow diagram shown below when the annual interest rate, I, varies as indicated. P $5,000 $2,500 $2,500 4 -10% 1 -12% = 8% 0 2 @ $5,000 +10% -10% -8% 3 4 5 Years Click the icon to view the interest and annuity table for discrete compounding when i=8% per year, Click the loon to view the Interest and annuity table for discrete compounding when i=10% per year The present equivalent value is $ (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer A parts showing C All
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