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Two receipts of $ 1 , 0 0 0 each are desired at the end of years 3 and 4 . Given that interest rates

Two receipts of $1,000 each are desired at the end of years 3 and 4. Given that interest rates are 8%,8.5%,9% and 10% for years 1,2,3 and 4 respectively, determine the equal payment amount made at the end of years 1,2 and 3 that is equivalent to those two receipts. Sketch the appropriate cash flow and outline your calculations clearly. Adding an excel sheet that supports your calculations is advantageous.

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