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Problem 2 The following two cash flows Cash Flow (CF-1) and Cash Flow...

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Finance

Problem 2
The following two cash flows Cash Flow (CF-1) and Cash Flow (CF-2) are economically equivalent. The effective interest
rate is 12% per period. The value of A(annuity of CF-1) is $7,000 and the value of B(cash flow in year 9 of CF-2) is
$8,000. Please follow the questions to find out the unknown x. Round the answer to the nearest integer.
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