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Uniform Series: Find P, Given i, A, and N. Consider two different alternatives to install a carlift in a building. The monthly interest rate is

Uniform Series: Find P, Given i, A, and N.

Consider two different alternatives to install a carlift in a building.

The monthly interest rate is 3%, and the cashflow diagrams are the following

image text in transcribed

Alternative 1 $25,000 $3,000 $5,000 $75 $75 $75 0 .. 60 1 2 3 4 5 6 Months P Alternative 2 $575 $575 $575 1 60 1 2

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