Question
A project has the following cash flows. Assume an interest rate of 4%. What is the Equivalent Annual Annuity (EAA)? Year Cash Flow 0 -$1,748
A project has the following cash flows. Assume an interest rate of 4%. What is the Equivalent Annual Annuity (EAA)?
| Year | Cash Flow |
| 0 | -$1,748 |
| 1 | $1,069 |
| 2 | $1,175 |
| 3 | $809 |
| 4 | $501 |
Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.
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Fundamentals Of Investments Valuation And Management
Authors: Bradford D Jordan, Thomas W. Miller Jr., Steven D. Dolvin
6th Edition
0073530719, 9780073530710
