Question
A project has the following cash flows. Assume an interest rate of 17%. What is the Equivalent Annual Annuity? Year Cash Flow 0 -$19,432 1
A project has the following cash flows. Assume an interest rate of 17%. What is the Equivalent Annual Annuity?
| Year | Cash Flow |
| 0 | -$19,432 |
| 1 | $5,319 |
| 2 | $10,439 |
| 3 | $9,933 |
| 4 | $8,673 |
Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.
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Investment Science
Authors: David G. Luenberger
2nd Edition
0199740089, 978-0199740086
