1. Consider the cash flow shown below. What value of C makes the inflow series equivalent to the outflow series at an interest rate of 9%? $625 $625 $625 $475 $475 $475 $475 $475 oi 21 31 51 6i 7i 8i с с с с с сс 20

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1. Consider the cash flow shown below. What value of C makes the inflow series equivalent to the outflow
series at an interest rate of 9 %?
$625 $625 $625
$475 $475 $475 $475 $475
1
21
31
6i
7i
8i
C C C C C CC
20
Transcribed Image Text:1. Consider the cash flow shown below. What value of C makes the inflow series equivalent to the outflow series at an interest rate of 9 %? $625 $625 $625 $475 $475 $475 $475 $475 1 21 31 6i 7i 8i C C C C C CC 20
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