What is the equivalent value of series at beginning of year

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1. Consider a series of end-of-period CFs spanning 2041-2055, which increase by a fixed amount each period. The amount of the first CF in the series is $148 and the increment is $56. The interest rate is 0.5%. What is the equivalent uniform amount for a series of end-of-year CFs spanning the same time period?

2. Consider a series of end-of-period CFs spanning 2044-2050, which decrease by a fixed amount each period. The amount of the first CF in the series is $1448 and the decrement is $72. The interest rate is 2.1%. What is the equivalent value of this series at the beginning of 2044?

Reference no: EM131968456

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