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For the Cash Flows Given in the Table Below, Evaluate

Question 2

Multiple Choice

For the cash flows given in the table below, evaluate the unknown value "A". Use an interest rate of 6%.
 Year 012345 Cash flow 22,000−2A−2A−2A−2A−5A\begin{array} { | l | l | l | l | l | l | l | } \hline \text { Year } & 0 & 1 & 2 & 3 & 4 & 5 \\\hline \text { Cash flow } & 22,000 & - 2 A & - 2 A & - 2 A & - 2 A & - 5 A \\\hline\end{array}


A) $1,982.57
B) $2,062.55
C) $1,862.55
D) $2,215.69

Correct Answer:

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