Question
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 12% per year.
The cash flows in year 0 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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Financial Management
Authors: Rob Quail, Ricardo J. Rodriguez
2nd Edition
1557868441, 9781557868442
