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2.6. Referencing the Relations for Discrete Cash Flows with End of Period Compounding posted as...

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Accounting

2.6. Referencing the Relations for Discrete Cash Flows with End of Period Compounding posted as a guide, and given: a desired accumulation Future Value, F = $5,000, an interest rate, i=7%, and a time period, n=5 years, and a Uniform Series annual deposit amount that is unknown, A=?-per year, (a) construct a cash flow diagram (CFD), and (b) calculate the unknown Uniform Series annual payment amount, A=?-per year using the Uniform Series Sinking Fund formula, showing all algebraic steps in your Solution.

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