105. Land is purchased for $75,000. It is agreed for the land to be paid for over...

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105. Land is purchased for $75,000. It is agreed for the land to be paid for over a 5-year period with annual payments and using a 12 percent annual compound interest rate. Each payment is to be $3,000 more than the previous payment. Determine the size of the last payment.

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Fundamentals Of Engineering Economic Analysis

ISBN: 9781118414705

1st Edition

Authors: John A. White, Kellie S. Grasman, Kenneth E. Case, Kim LaScola Needy, David B. Pratt

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