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Find the value of P for which the inflows will equal the outflows. Find the effective rate first. Rate 18% p y c d Year

Find the value of P for which the inflows will equal the outflows. Find the effective rate first. Rate 18% p y c d Year Outflows Inflows 0 -P 1 -2P 2 -4P 3 -8P 4 -16P 5 $24,000 6 $30,000 7 $36,000 8 $42,000 9 $48,000 10 $54,000 $1,530 $2,545 $3,269 $3,490

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