An engineer in consulting company to do a 25 -years investment. The engineer planned to invest 25000$ in the first year and decrease it by 1000 every year. What is the present worth of the investment if it has an interest rate of 8% per year compounded monthly?
An engineer in consulting company to do a 25 -years investment. The engineer planned to invest 25000$ in the first year and decrease it by 1000 every year. What is the present worth of the investment if it has an interest rate of 8% per year compounded monthly?
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 6RE: Hsu-Mei wants to save 5,000 for a down paymenton a car. To the nearest dollar, how much will sheneed...
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An engineer in consulting company to do a 25 -years investment. The engineer planned to invest 25000$ in the first year and decrease it by 1000 every year. What is the present worth of the investment if it has an interest rate of 8% per year compounded monthly?
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