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Please do by hand and not Excel The monthly cash flow for an engineering consulting company is shown below. For all financial matters, the company
Please do by hand and not Excel
The monthly cash flow for an engineering consulting company is shown below. For all financial matters, the company uses a monthly interest rate of 1.75%. 2300 2300 2100 2100 1900 1700 1900 1700 1500 1500 0 1 2 3 4 5 8 9 10 11 12 1800 2000 i. Calculate the equivalent uniform monthly worth of this cash flow ii. After several years of running the company, the CEO noticed that the monthly cash flow has been consistent for the past ten years. He therefore speculates that the cash flow above will repeat every year forever. As he was approaching retirement, he decided to invest some of the company's excess cash to allow this cash flow to be on auto pilot. In essence, he wants to put enough money in the bank that will allow this cash flow to continue forever. The CEO found a bank that is willing to give a 1.75% per month interest , how much should the CEO put in the bank to enjoy this infinite repeated cash flow.? The monthly cash flow for an engineering consulting company is shown below. For all financial matters, the company uses a monthly interest rate of 1.75%. 2300 2300 2100 2100 1900 1700 1900 1700 1500 1500 0 1 2 3 4 5 8 9 10 11 12 1800 2000 i. Calculate the equivalent uniform monthly worth of this cash flow ii. After several years of running the company, the CEO noticed that the monthly cash flow has been consistent for the past ten years. He therefore speculates that the cash flow above will repeat every year forever. As he was approaching retirement, he decided to invest some of the company's excess cash to allow this cash flow to be on auto pilot. In essence, he wants to put enough money in the bank that will allow this cash flow to continue forever. The CEO found a bank that is willing to give a 1.75% per month interest , how much should the CEO put in the bank to enjoy this infinite repeated cash flowStep by Step Solution
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