Question
Find the value of x that makes the equivalent annual worth in years 1 through 10 equal to $400 per year. Use an interest rate
Find the value of x that makes the equivalent annual worth in years 1 through 10 equal to $400 per year. Use an interest rate of 10% per year.
The cash flows in year 0 and year 10 has an unknown value x, and 1 through 9 has an annual worth of $400
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Engineering economy
Authors: Leland Blank, Anthony Tarquin
7th Edition
9781259027406, 0073376302, 1259027406, 978-0073376301
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