What single sum of money at the end of the third year is
What single sum of money at the end of the third year is equivalent to a payment series of $10,000 the first year, $9,000 the second year... down to 6,000 the 5th year? Assume the money has a time value of 10%/year compounded annually.
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what single sum of money at the end of the third year is equivalent to a payment series of 10000 the first year 9000
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