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Using an interest rate of 8% per annum compounded annually, convert the following (see Table 2) series of end of year amounts to (a) Present
Using an interest rate of 8% per annum compounded annually, convert the following (see Table 2) series of end of year amounts to (a) Present worth amount (P) b) Annual equivalent amount (A) (c) Equivalent amount at the beginning of year 8 (d) Future sum at the end of the sequence (F N 13) EOY Amount EOY Amount EOY Amount 100 200 200 4 200 200 300 400 500 800 900 10 1,000
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