For the cash flows shown in the diagram, determine the value of x that will make the future worth in year 8 equal to P70,000. i = 10% per year

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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For the cash flows shown in the diagram, determine the value of x that will make the future
worth in year 8 equal to P70,000.
1
X
2
X
3
X
i = 10% per year
4
X
5
X
6
2x
7
2x
8 Year
2x
Transcribed Image Text:0 For the cash flows shown in the diagram, determine the value of x that will make the future worth in year 8 equal to P70,000. 1 X 2 X 3 X i = 10% per year 4 X 5 X 6 2x 7 2x 8 Year 2x
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