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You expect to receive the following: $4,310 at the end of each year for 12 years $20,272 today $4,269 at the end of year 6
You expect to receive the following:
$4,310 | at the end of each year for 12 years |
$20,272 | today |
$4,269 | at the end of year 6 |
$904 | at the end of each year forever |
$10,137 | at the end of 15 years |
What is the uniform annual payment for 12 years is equivalent to the above payment if the interest rate is 8%?
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