Problem 03.019 Annual Worth Calculations Find the value of x that makes the equivalent annual worth in years 1 through 7 equal to $400 per year. Use an interest rate of 12% per year. The cash flows in year 0 and year 7 has an unknown value x, and 1 through 6 has an annual worth of $400. The value of x is determined to be $ 1132.35 X

Problem 03.019 Annual Worth Calculations Find the value of x that makes the equivalent annual worth in years 1 through 7 equal to $400 per year. Use an interest rate of 12% per year. The cash flows in year 0 and year 7 has an unknown value x, and 1 through 6 has an annual worth of $400. The value of x is determined to be $ 1132.35 X

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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