3. For payments shown in the following table, and assuming the interest rate (10%), what is the five fixed annual payments equivalent? if the first of them deposited at the end of second year. 4 3 2 1 5000 0 1000 1200 السنة الدفعة $

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
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3. For payments shown in the following table, and assuming the interest rate
(10%), what is the five fixed annual payments equivalent? if the first of them
deposited at the end of second year.
3
2
1
5000
0
1000
1200
السنة
الدفعة ؟
Transcribed Image Text:3. For payments shown in the following table, and assuming the interest rate (10%), what is the five fixed annual payments equivalent? if the first of them deposited at the end of second year. 3 2 1 5000 0 1000 1200 السنة الدفعة ؟
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