Solved: Using a 10 interest rate convert this series of irregular, Business Economics

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Using a 10 interest rate convert this series of irregular

If an investment offers the following year-end cash flows:

1 $20,000
2 $15,000
3 $10,000

Using a 10% interest rate, convert this series of irregular cash flows to an equivalent (in present value terms) 3 year annuity. What would be the annuity amount per year?

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Business Economics: Using a 10 interest rate convert this series of irregular

Reference No:- TGS02465653

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