Find the uniform equivalent amount a at the end of each of


Certain project’s savings are expected to be 0 at the end of the first six months, to be $1,000 at the end of the second six months, and to increase by $1,000 at the end of each six- month period thereafter for a total of four years. Draw the project’s cash flow diagram, find the uniform equivalent amount, A, at the end of each of the eight six-month periods if the nominal interest rate is 20% compounded semiannually.

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Financial Management: Find the uniform equivalent amount a at the end of each of
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