Suppose that a certain EOY (end of year) cash flows are expected to be $1,000 for the second year, $2,000 for the 3rd year, and $3,000 for the fourth year and that, if interest is 15% per year, Determine 1. Present equivalent value at the beginning of the first year  2. Uniform annual equivalent value at the end of each of the four years

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 29P
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Suppose that a certain EOY (end of year) cash flows are expected to be $1,000
for the second year, $2,000 for the 3rd year, and $3,000 for the fourth year and
that, if interest is 15% per year, Determine
1. Present equivalent value at the beginning of the first year 
2. Uniform annual equivalent value at the end of each of the four years.

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