ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- A cash flow series is increasing geometrically at the rate of 9% per year. The initial payment at EOY 1 is $5,000, with increasing annual payments ending at EOY 20. The interest rate is 16% compounded annually for the first years and 5% compounded annually for the remaining 12 years. Find the present amount that is equivalent to this cash flow. The present amount that is equivalent to this cash flow series is $?arrow_forwardi need the answer quicklyarrow_forwardWhat rate of interest compounded annually would result in receipt of $28,530 in eight years from an investment of $10,000 made now? The rate of interest is % per year. (Round to the nearest whole number.)arrow_forward
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