i = Rate of
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ILLUSTRATION 4. Calculate the future value at the end of five years of the following series of
payments at 10% rate of interest:
R1 = 1,000 at the end of the first year
R2 = 2,000 at the end of the 2nd year
R3 = 3,000 at the end of the 3rd year
R4 = * 2,000 at the end of the 4th year
R5 = 1,500 at the end of the 5th year.
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