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What is the CW, when i=8 % per year, of $1,000 per year, starting in year one and continuing forever; and $9,600 in year six,
What is the CW, when i=8 % per year, of $1,000 per year, starting in year one and continuing forever; and $9,600 in year six, repeating every five years thereafter and continuing forever? b. When i=8 % per year in this type of problem, what value of N practically speaking, defines "forever"?
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