4) Compute the equivalent annual worth of an investment alternative that has an annuity of $2,000 for six (6) years and increase every year $200 from year two (2) to year seven (7) with an interest rate of 8%. $2,455.26 $2,369.30 $538.74 $2,538.74

4) Compute the equivalent annual worth of an investment alternative that has an annuity of $2,000 for six (6) years and increase every year $200 from year two (2) to year seven (7) with an interest rate of 8%. $2,455.26 $2,369.30 $538.74 $2,538.74

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Select the correct answer:
4) Compute the equivalent annual worth of an investment
alternative that has an annuity of $2,000 for six (6) years and
increase every year $200 from year two (2) to year seven (7)
with an interest rate of 8%.
$2,455.26
$2,369.30
$538.74
$2,538.74

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