How large of a repayment must an engineer make each year starting next year if she borrows

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$60,000 now to start up her new consulting office and she promises to make equal annual payments for 5 years. Assume the interest rate is 8% per year. Develop the answer using

(a) tabulated factor values,

(b) a financial calculator, and

(c) spreadsheet functions.

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Basics Of Engineering Economy

ISBN: 9780073376356

2nd Edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Oct 26, 2024 07:00 AM

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How large of a repayment must an engineer make each year starting next year if she borrows

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Basics Of Engineering Economy

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