For the cash flows below, find the value of x that makes the equivalent annual worth in
Question:
For the cash flows below, find the value of x that makes the equivalent annual worth in years 1 through 7 equal to $300 per year. Use an interest rate of 10% per year. Show solutions
(a) By hand
(b) Using the Goal Seektool.
Transcribed Image Text:
Year Cash Flow, $ 200 200 200 200 Year Cash Flow, $ 200 200 200
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
a 300 200AP 10 7 200PA 10 3AP 10 7 xPF 10 4 AP 10 7 200FA 10 3AF 10 7 300 2000...View the full answer
Answered By
SUMAN DINDA
I LIKE TO TEACH STUDENTS. SO, I START MYSELF AS A PRIVATE TUTOR. I TEACH STUDENTS OF DIFFERENT CLASSES. I HAVE ALSO DONE BACHELOR OF EDUCATION DEGREE(B.ED). DURING THIS COURSE I HAD TO TEACH IN A SCHOOL. SO I HAVE A GOOD EXPERIENCE IN TEACHING.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
For the cash flows shown, find the value of x that makes the equivalent annual worth in years 1 through 7 equal to $300 per year. Use an interest rate of 10% per year. Cash Flow, $ Cash Flow, $ Year...
-
Calculate the net annual worth in years 1 through 10 of the following series of incomes and expenses, if the interest rate is 10% peryear. Year ncome, $/Year Expense, $/Year 1-4 5-10 0 700 2000 2500...
-
For the cash flows shown, the equivalent annual worth in periods 1 through 5 at an interest rate of 10% per year is closest to: Annual Period Amount, $ 0 ......... 1000 1 ......... 1000 2 ............
-
How does the range of hFE (Fig. 3.23j, normalized from hFE = 100) compare with the range of hfe (Fig. 3.23f) for the range of IC from 0.1 to 10 mA?
-
A box holding pennies, nickels and dimes contains thirteen coins with a total value of 83 cents. How many coins of each type are in the box? (These are US coins; a penny is 1 cent, a nickel is 5...
-
What makes followers helpless in the face of ineffective leaders?
-
A researcher takes a sample from a population and computes a statistic for the sample. Which of the following statements is correct? a. If the sample statistic overestimates the corresponding...
-
A contract calls for annual payments of $1,200. Find the present value of the contract, assuming that (1) The number of payments is 7 and the current interest rate is 6 percent: (2) The number of...
-
Maria's Food Service provides meals that nonprofit organizations distribute to handicapped and elderly people. The following is her forecasted Income statement for April, when she expects to produce...
-
In 2009, Jay Inc. and Vee Ltd., both Canadian manufacturing companies, decided to form a joint venture to build and operate a manufacturing plant in Asia. Their joint venture would have lower...
-
Calculate the equivalent annual cost in years 1 through 9 of the following series of disbursements. Use an interest rate of 10% per year. Show (a) Hand (b) Spreadsheetsolutions. Year Disbursement,...
-
Precision Instruments, Inc. manufactures high sensitivity mini accelerometers designed for modal analysis testing. The company borrowed $10,000,000 with the understanding that it would make a...
-
Think of five brand names. To what extent do they meet the criteria of good brand naming as laid out in Table 6.1? Do any of the names legitimately break these guidelines? Table 6.1 Brand name...
-
The combined weight of the load and the platform is 200 lb, with the center of gravity located at G. If a couple moment of M = 900 lb ft is applied to link AB, determine the angular velocity of links...
-
Due In: 06:48:23 Questions Question 1 (4) O Question 2 (8) Question 2 of 2 A company sold $150,000 bonds and set up a sinking fund that was earning 8.5% compounded semi-annually to retire the bonds...
-
Find the point on the graph of f(x) = x which is closest to the point (6, 27). How close is the closest point?
-
Due to a crash at a railroad crossing, an overpass is to be constructed on an existing level highway. the existing highway has a design speed of 50 mi/h. The overpass structure is to be level,...
-
Finding Bone Density Scores. In Exercises 37-40 assume that a randomly selected subject is given a bone density test. Bone density test scores are normally distributed with a mean of 0 and a standard...
-
A systematic study of the risks that you face Match the terms with the definitions. Some terms may not be used. a. deductible b. multi-line discount c. multi-policy discount d. risk assessment e....
-
The following selected accounts and normal balances existed at year-end. Notice that expenses exceed revenue in this period. Make the four journal entries required to close the books: Accounts...
-
In this chapter you have been introduced to marginal benefit, marginal utility, marginal revenue, social marginal benefit, marginal cost, and social marginal cost. To what specifically does each term...
-
Your company has just signed a three-year nonrenewable contract with the city of New Orleans for earthmoving work. You are investigating the purchase of heavy construction equipment for this job. The...
-
Explain the difference between real and personal property.
-
The Greentree Lumber Company is attempting to evaluate the profitability of adding another cutting line to its present sawmill operations. They would need to purchase two more acres of land for...
-
An estimated 84 percent of enterprises now use cloud computing solutions involving multiple clouds, whereas less than 10 percent of large organizations employ just a single public cloud. Group of...
-
XYZ inc. was involved in a tax dispute with the national tax authority. The companys legal counsel estimates that there is a 75% likelihood that the company will lose the dispute and that the amount...
-
3 . Accounting.. How does depreciation impact financial statements, and what are the different methods of depreciation?
Study smarter with the SolutionInn App