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For the figure in question 2, which is the correct formula for determining the exact interest rate where A and B lines cross? Assume the
For the figure in question 2, which is the correct formula for determining the exact interest rate where A and B lines cross? Assume the following values for each: Alternative n Annual Benefit Initial Cost JA 15 $375 $2,500 B 15 $675 $5000 Tables 0 = $675(P/A, I, 15) + $5,000 Excel =RATE(15,675, 5000) Tables 0 = $1500(P/A, I, 30) - $7,500 Excel =RATE(30, 1500, -7500) O Tables =$375 (P/A, I, 15) - $2,500 Excel =RATE(15, 375, -2500) Tables 0 = $300 (P/A, I, 15) - $2,500 Excel =RATE(15, 300, -2500)
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