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What is the EAC (Equivalent Annual Cost) of the following stream of expenses? Assume an interest rate of 12%. Here I want you to evaluate
What is the EAC (Equivalent Annual Cost) of the following stream of expenses? Assume an interest rate of 12%. Here I want you to evaluate all of the costs in determining the EAC, not just the time zero cost. | |
Period 0: | ($50,000) |
Period 1: | ($30,000) |
Period 2: | ($40,000) |
Period 3: | ($30,000) |
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