ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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You are paying a series of five constant-dollar (or real-dollar) uniform payments of $1,267.55 beginning at the end of first year. Assume that the general inflation rate is 28.73% and the market interest rate is 28.73% during this inflationary period. The equivalent present worth of the project is: Enter your answer as follow: 1234.56
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