Question
At an effective annual interest rate i, each of the following 2 sets of payments has present value k; i) a payment of 121 immediately
At an effective annual interest rate i, each of the following 2 sets of payments has present value k;
i) a payment of 121 immediately and another payment of 121 at the end of one year
ii) a payment of 144 at the end of 2 years and another payment of 144 at the end of 3 years, calculate k.
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Equating the PVs of these two strings of ...
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Engineering Economy
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
16th edition
133439275, 133439274, 9780133819014 , 978-0133439274
