A series of year end payment extending over ten years are as follows 5000 for the first year 10000 for the second year , and 20000 for each year from third to fourth. Find the equivalent annual worth of these payments if annual interest is 8% ?
A series of year end payment extending over ten years are as follows 5000 for the first year 10000 for the second year , and 20000 for each year from third to fourth. Find the equivalent annual worth of these payments if annual interest is 8% ?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A series of year end payment extending over ten years are as follows 5000 for the first year 10000 for the second year , and 20000 for each year from third to fourth. Find the equivalent annual worth of these payments if annual interest is 8% ?
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