In the following cash flows diagram, Determine the value of F that makes the two cash flows diagrams equivalent if the interest rate i = 12% per year? 100 100 100 100 100 100 F 012 3 45 6 1 2 3 4 End of Year End of Year a. $428 b. $596 c. $704 d. $686

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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In the following cash flows diagram,
Determine the value of F that makes the two
cash flows diagrams equivalent if the
interest rate i = 12% per year?
100 100 100 100
100 100
F
1
5
End of Year
End of Year
O a. $428
O b. $596
O c. $704
d. $686
Transcribed Image Text:In the following cash flows diagram, Determine the value of F that makes the two cash flows diagrams equivalent if the interest rate i = 12% per year? 100 100 100 100 100 100 F 1 5 End of Year End of Year O a. $428 O b. $596 O c. $704 d. $686
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