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Find the value of x that makes the equivalent annual worth in years 1 through 11 equal to $700 per year. Use an interest rate
Find the value of x that makes the
equivalent annual worth in years 1
through 11 equal to $700 per year.
Use an interest rate of 11% per year.
The cash flows in year O and year 11
has an unknown value x, and 1
through 10 has an annual worth of
$700.
The value of x is determined to be $
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