The following series of payments will repaya present sum of $5000 at an 8% interest rate. Using
Question:
The following series of payments will repaya present sum of $5000 at an 8% interest rate. Using single payment factors, what present sum is equivalent to this series of payments at a 10%interest rate?
End-of-Year
Year__________________ Payment
1………………………………….. $1400
2…………………………………….1320
3…………………………………….1240
4…………………………………….1160
5…………………………………….1080
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P 1400 PA 10 5 80 PG 10 5 1400 379180 6862 4...View the full answer
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Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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