3) $900 is received at the beginning of yearl, 800 is received at the beginning...
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Accounting
3) $900 is received at the beginning of yearl, 800 is received at the beginning of year 3, and $400 is received at the beginning of year 4. If these cash flows are deposited at 12%, their combined future value at the end of year 4 is 4) You borrow $50,000. You make annual payments (at the end of each year) for 12 years. The interest rate is 12%. A) What is your annual payment? B) How much interest do you pay in year 5
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