A debt of $5000 can be repaid, with interest at 8%, by the following payments. Year Payment
Question:
Year Payment
1...........................$ 500
2...........................1000
3...........................1500
4...........................2000
5...............................X
The payment at the end of the fifth year is shown as X. How much is X?
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The first four payments will repay a present ...View the full answer
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Related Book For 
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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