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engineering econimic anaylysis answer question 3 2. A business is generating $2,000 per month for the next 5 years at a nominal interest rate of

engineering econimic anaylysis

answer question 3 image text in transcribed

2. A business is generating $2,000 per month for the next 5 years at a nominal interest rate of 12% compounded monthly. How much cash should one pay for it? 3. If the generated income is $24,000 per year, what is the answer to Problem 2

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