Define single amount equivalence factors

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Reference no: EM131777405

Question: How much invested now at 8% would be just enough to provide for four lump sum payments of S6000 at 5. 10. 15. and 20 years? Solve this problem two different ways by hand.

Method # 1: Use only single amount equivalence factors.

Method # 2: Use only uniform series equivalence factors.

Reference no: EM131777405

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