ENGINEERING ECONOMY W/CNCT ACCESS
ENGINEERING ECONOMY W/CNCT ACCESS
8th Edition
ISBN: 9781260933505
Author: Blank
Publisher: MCG
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Chapter 2, Problem 42P
To determine

Calculate the present worth.

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You've decided you will put $300 in the bank in year 1 and increase the deposit amount every year by $50 for twenty years (last deposit in year 20). What is the present worth of that money now if the interest rate is 4% per year?
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ENGINEERING ECONOMY W/CNCT ACCESS

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