What uniform annual payment for 12 years is equivalent to receiving all of the following: $ 3,000 at the end of each year for 12 years 20,000 today 4,000 at the end of 6 years 800 at the end of each year forever 10,000 at the end of 15 years Use an 8% interest rate

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A: Given a uniform series cash flow in which first cash flow of $10,000 occurs at time 10 and last cash…

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A: Future worth represents the value of future cash flows, investments, or benefits at a specified…