Consider the cash flow series given in the accompanying table. What value of C makes the deposit series equivalent to the withdrawal series at an interest rate of 6% compounded annually?(Ans. $459.88) SC 4C 30 20 8 10 S600 $300 $900 $1,200 $I.500 2.

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Consider the cash flow series given in the accompanying table. What value of C makes the deposit series equivalent to the withdrawal series at an interest rate of 6% compounded annually?(Ans. $459.88)

7. Consider the cash flow series given in the accompanying table. What value of C
makes the deposit series equivalent to the withdrawal series at an interest rate of
6% compounded annually?(Ans. $459.88)
SC
4C
30
20
2
3
6 7
8
9
10
$300
$600
$900
$1,200
$1.500
Transcribed Image Text:7. Consider the cash flow series given in the accompanying table. What value of C makes the deposit series equivalent to the withdrawal series at an interest rate of 6% compounded annually?(Ans. $459.88) SC 4C 30 20 2 3 6 7 8 9 10 $300 $600 $900 $1,200 $1.500
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