An investment offers the year-end cash flows using 15
An investment offers the following year-end cash flows:
End of Year Cash Flow
1 $20,000
2 $30,000
3 $15,000
Using a 15 percent interest rate, convert this series of irregular cash flows to an equivalent (in present value terms) 3-year annuity.
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an investment offers the following year-end cash flowsend of year cash flow1 200002 300003 15000using a 15 percent
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