Calculate the equal quarterly series equivalent to the decreasing gradient series given below. Assume the interest rate is 8%….

Question:

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Calculate the equal quarterly series equivalent to the decreasing

gradient series given below. Assume the interest rate is 8%.

a) $10,000 at the end of 1st quarter

b) $9,500 at the end of 2nd quarter

c) $9,000 at the end of 3rd quarter

Expert Answer:

Answer rating: 100% (QA)

To calculate the equal quarterly series equivalent to the decreasing gradient series we need to dete

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