1 3 4 flow 20,000 -2A -2A -2A -2A -5A
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
USING EXCEL SHOW HOW TO SOLVE THE FOLLOWING:

Transcribed Image Text:For the cash flows given in the table below, evaluate the unknown value "A". Use an interest rate of 5%.
Year
1
2
3
4
5
Cash flow
20,000
-2A
-2A
-2A
-2A
-5A
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