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Question: A series of equal semiannual cash flows starts with the first cash flow occurring on January 1, 1991 and ends with the last cash flow occurring on January 1, 2008. Each cash flow is equal to $128,000. The nominal interest rate is 12% and compounding is semiannual. What single amount on July 1, 2001, is equivalent to this cash flow system?

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Accounting Basics, Accounting

Category:- Accounting Basics
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