Question
A project has an initial outlay of $2,561. The project will generate cash flows of $859 in Years 1-5. What is the Equivalent Annual Annuity
A project has an initial outlay of $2,561. The project will generate cash flows of $859 in Years 1-5. What is the Equivalent Annual Annuity (EAA) of this project? Assume an interest rate of 16%.
Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. If your answer is negative, enter your answer as a negative number rounded off to two decimal points.
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Financial Intelligence An Entrepreneurs Guide Volume 1
Authors: Income Mastery
1st Edition
1647772648, 978-1647772642
