QUESTION-2 Someone calculated the futureaworth of his investment in term of today's dollars. The Obtained result was $/945,895. The life of the investment is expected to be 20 years. The average annual inflation rate along this period is 7%, If it is known that the investor earns 149% per year from this investment, what is the first cost of the investment?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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QUESTION-2
Someone calculated the-future worth of his investment in term of today's dollars. The
obtained result was $/945.89s, The life of the investment is expected to be 20 years. The
average annual inflation rate along this period is 7%. If it is known that the investor earns
149% per year from this investment, what is the first cost of the investment?
Transcribed Image Text:QUESTION-2 Someone calculated the-future worth of his investment in term of today's dollars. The obtained result was $/945.89s, The life of the investment is expected to be 20 years. The average annual inflation rate along this period is 7%. If it is known that the investor earns 149% per year from this investment, what is the first cost of the investment?
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