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What would be the equivalent of the cash flows in the table at year 3 at 10% interest compounded annually? N Amount 2 $16,000 3

What would be the equivalent of the cash flows in the table at year 3 at 10% interest compounded annually?

N

Amount

2

$16,000

3

$18,000

4

$23,000

5

$28,000

a)

$85,000

b)

$79,650

c)

$75,680

d)

$68,850

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