ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
a. What is the​ CW, when i equals=8​% per​ year, of ​$1,700 per​ year, starting in year one and continuing​ forever; and ​$10,600 in year seven​, repeating every six years​ thereafter, and continuing​ forever? b. When i equals=8​% per year in this type of​ problem, what value of N​, practically​ speaking, defines​ "forever"?
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Step 1: Define perpetuity
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