At an interest rate of 8% per year, the present worth in year 0 of a lease

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At an interest rate of 8% per year, the present worth in year 0 of a lease that requires a payment of $9,000 now and amounts increasing by 8% per year through year 7 is closest to:

a. $60,533

b. $65,376

c. $72,000

d. $69,328

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Basics Of Engineering Economy

ISBN: 9780073376356

2nd Edition

Authors: Leland T. Blank, Anthony Tarquin

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