The first cash flow of a 25-year series of quarterly cash, Ask an Expert

Economics

The first cash flow of a 25-year series of quarterly cash flows is equal to $35,000. Each cash flow in the series increases by $800.

Find the amount of each cash flow in an equal quarterly cash flow series that is equivalent to the increasing cash flow series. The interest rate is 14% and compounding is done quarterly.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91297986

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