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You are paying a series of five constant-dollar or

You are paying a series of five constant-dollar (or real-dollar) uniform payments of $1195.38 beginning at the end of first year. Assume that the general inflation rate is 13.24% and the market interest rate is 13.24% during this inflationary period.

The equivalent present worth of the project is:

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Macroeconomics: You are paying a series of five constant-dollar or

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