ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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in 5 years, $18000 will be needed to pay for a building renovation. in order to generate this sum, a sinking fund consisting of three annual payments is established now. no further payments will be made after the third year. what payyments are most nearly necessary if money is worth 15% per year?
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