ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
Determine the present value equivalent of a geometric sequence of annual cash flows starting at P 1,000 at the end of the 3rd year, and increasing at 5% every year up to the 25th year. Interest of money is 12%.
Select one:
a. P 8,807
b. P 9,736
c. P 10,562
d. P 11,048
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