
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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14. Solve the given question and give the correct answer.

Transcribed Image Text:Calculate the perpetual equivalent annual cost (years 1 to ∞) of $925,000 now and $975,000, 3 years from now at an interest rate of
9% per year.
The perpetual equivalent annual cost, (in $)
Round off to the nearest two (2) decimal places
Add your answer
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