Question
A project has the following cash flows. Assume an interest rate of 8%. What is the Equivalent Annual Annuity? Year Cash Flow 0 -$1,271 1
A project has the following cash flows. Assume an interest rate of 8%. What is the Equivalent Annual Annuity?
Year
Cash Flow
0
-$1,271
1
$466
2
$977
3
$731
4
$759
Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.
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Financial Accounting Information For Decisions
Authors: Robert w Ingram, Thomas L Albright
6th Edition
9780324313413, 324672705, 324313411, 978-0324672701
