What series of equal annual payments is equivalent to a series of decreasing payments as follows: ($5),000,
Question:
What series of equal annual payments is equivalent to a series of decreasing payments as follows:
\($5\),000, \($4\),000, \($3\),000, \($2\),000, \($1\),000 if the interest rate is 10 percent per year?
Transcribed Image Text:
a. $3,000 b. $3,000(1+0.1) = $3,300 c. [$5,000 (FP 10%,4) + $4,000 (F|P 10%,3) +$3,000(FP 10%,2) + $2,000 (F|P 10%,1) +1,000]/5 d. $5,000 (A|P 10%,5) - $1,000 (A|G 10%,5)
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Related Book For
Principles Of Engineering Economic Analysis
ISBN: 9781118163832
6th Edition
Authors: John A. White, Kenneth E. Case, David B. Pratt
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