A project has an initial outlay of $3,640. The project will generate cash flows of $4,565 in Years 1-5. What is the Equivalent Annual Annuity
A project has an initial outlay of $3,640. The project will generate cash flows of $4,565 in Years 1-5. What is the Equivalent Annual Annuity (EAA) of this project? Assume an interest rate of 11%.
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Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
1506326846, 9781506326863, 1506326862, 978-1506326849
