What single sum of money at t 4 is equivalent to receiving


What single sum of money at t = 4 is equivalent to receiving $5,000 at t = 1, $5,800 at t = 2, $7,300 at t = 3, and $8,200 at t = 4 if money is compounded at a rate of 11.5% per time period?

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Microeconomics: What single sum of money at t 4 is equivalent to receiving
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