5-30. Its easier to make money when interest rates in the economy are low. To illustrate this...
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5-30. “It’s easier to make money when interest rates in the economy are low.” To illustrate this point, compute the capital recovery amounts (CR) for a $1 million project when interest rates are 3%, 6%, and 12% per year. Assume no residual value at the end of a useful life of 15 years. (5.5)
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Related Book For
Engineering Economy
ISBN: 9780134870069
17th Edition
Authors: William Sullivan, Elin Wicks, C Koelling
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