End of Year Cash Flow Series A Cash Flow Series B Cash Flow Series C 1 2 3 4 5 -$1,000 X 1.5X 2.0X 2.5X 3.0X -$2,650 $3,330 $3,130 $2,930 $2,730 $2,530 Y Y Y 2Y 2Y 2Y Determine the values of X and Y so that all three cash flows are equivalent at an interest rate of 17% per year compounded yearly. X: $ Y: $

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 5E
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End of Year Cash Flow Series A Cash Flow Series B Cash Flow Series C
0
1
2
3
4
5
-$1,000
X
1.5X
2.0X
2.5X
3.0X
B
-$2,650
$3,330
$3,130
$2,930
$2,730
$2,530
Y
Y
2Y
2Y
2Y
Determine the values of X and Y so that all three cash flows are equivalent at an interest rate of 17% per year compounded yearly.
X: $
Y: $
Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is ±5.
Transcribed Image Text:End of Year Cash Flow Series A Cash Flow Series B Cash Flow Series C 0 1 2 3 4 5 -$1,000 X 1.5X 2.0X 2.5X 3.0X B -$2,650 $3,330 $3,130 $2,930 $2,730 $2,530 Y Y 2Y 2Y 2Y Determine the values of X and Y so that all three cash flows are equivalent at an interest rate of 17% per year compounded yearly. X: $ Y: $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is ±5.
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