Question
A project has the following cash flows. Assume an interest rate of 7%. What is the Equivalent Annual Annuity (EAA)? Year Cash Flow 0 -$1,668
A project has the following cash flows. Assume an interest rate of 7%. What is the Equivalent Annual Annuity (EAA)?
| Year | Cash Flow |
| 0 | -$1,668 |
| 1 | $422 |
| 2 | $1,104 |
| 3 | $1,127 |
| 4 | $693 |
Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.
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Personal Finance QuickStart Guide
Authors: Morgen Rochard
1st Edition
1945051019, 978-1945051012
