5-16. a. What is the CW, when i = 10% per year, of $1,500 per year, starting...
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5-16.
a. What is the CW, when i = 10% per year, of $1,500 per year, starting in year one and continuing forever; and $10,000 in year five, repeating every four years thereafter, and continuing forever? (5.3)
b. When i = 10% per year in this type of problem, what value of N, practically speaking, defines “forever”? (5.3)
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Related Book For
Engineering Economy
ISBN: 9780134870069
17th Edition
Authors: William Sullivan, Elin Wicks, C Koelling
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