7. (Annual worth) One advantage of the annual worth method is that it simplifies the com- parison...

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7. (Annual worth) One advantage of the annual worth method is that it simplifies the com- parison of investment projects that are repetitive but have different cycle times Consider the automobile purchase problem of Example 2.7. Find the annual worths of the two (single-cycle) options, and determine directly which is preferable

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Investment Science

ISBN: 9780195391060

1st International Edition

Authors: David G. Luenberger

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