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You are paying a series of five constant-dollar (or real-dollar) uniform payments of $1944.66 beginning at the end of first year. Assume that the general inflation rate is 25.83% and the market interest rate is 25.83% during this inflationary period. The equivalent present worth of the project is:

Enter your answer as follows: 1234.56

Hint:

- Read the question carefully.

- What type of dollar that was given in the question?

- With the given dollar, what type of interest rate do you need to use?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91945882

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