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3.27 For the cash flows shown in the diagram, deter- mine the value of x that will make the Present worth in year 8 equal to
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Answer #1

Product PV factor Year @ 10% Cash flow 0 1.00000 1 0.90909 X 2 0.82645 X 3 0.75131 X 4 0.68301 X 5 0.62092 X 6 0.56447 2x 7 0

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