Jimmy deposits : $ 4,200 - now, $ 2,100 - 3 years from now, and $...

Jimmy deposits :

$ 4,200 - now,

$ 2,100 - 3 years from now, and

$ 4,200 - 6 years from now.

Interest is 3 % for the first 3 years and 11 % for the last 3 years.

What is the uniform series equivalent of the fund (uniform cash flow at end of years 1–6)?

(Hint : Incorrect Answer = $3456)

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Expert Solution

ekkarill92 answered 8 months ago

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