Determining the uniform series of cash flows, Financial Accounting

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Determining the uniform series of cash flows

Response to the following problem:

What uniform series of cash flows is equivalent to a $150,000 cash flow occurring today if the uniform series of cash flows occur at the end of each month for the next fifteen years and the periodic interest rate is 0.62% compounded annually?

Show all work and calculations.

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Financial Accounting: Determining the uniform series of cash flows

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Financial Accounting: Determining the uniform series of cash flows

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