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Problem:

Calculate the equal quarterly series equivalent to the decreasing gradient series given below. Assume the interest rate is 8%. Show your all workings.

A. $10,000 at the end of 1st Quarter

B. $9,500 at the end of 2nd Quarter

C. $9,000 at the end of the 3rd Quarter

D. $8,500 at the end of the 4th Quarter

E. $8,000 at the end of the 5th Quarter

F. $7,500 at the end of the 6th Quarter

G. $7,000 at the end of the 7th Quarter

H. $6,500 at the end of the 8th Quarter

I. $5,000 at the end of the 9th Quarter

J. $4,000 at the end of the 10th Quarter

K. $3,000 at the end of the 11th Quarter

L. $2,000 at the end of the 12th Quarter

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91146316

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